Rhumbline Advisers Has $374,000 Stake in FRP Holdings, Inc. (FRPH)
Rhumbline Advisers cut its stake in FRP Holdings, Inc. (NASDAQ:FRPH) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,114 shares of the financial services provider’s stock after selling 640 shares during the quarter. Rhumbline Advisers owned about 0.08% of FRP Holdings worth $374,000 at the end of the most recent quarter.
Separately, Schwab Charles Investment Management Inc. increased its holdings in shares of FRP Holdings by 0.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 33,421 shares of the financial services provider’s stock valued at $1,543,000 after acquiring an additional 133 shares during the period. Hedge funds and other institutional investors own 45.52% of the company’s stock.
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FRP Holdings, Inc. (NASDAQ FRPH) opened at 43.55 on Friday. The stock has a market capitalization of $435.59 million, a P/E ratio of 59.25 and a beta of 0.53. The stock has a 50 day moving average price of $44.72 and a 200-day moving average price of $43.84. FRP Holdings, Inc. has a one year low of $28.90 and a one year high of $49.35.
FRP Holdings (NASDAQ:FRPH) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $9.36 million for the quarter. FRP Holdings had a return on equity of 3.40% and a net margin of 17.90%. Analysts anticipate that FRP Holdings, Inc. will post $0.77 earnings per share for the current year.
In related news, VP John D. Milton, Jr. sold 3,000 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $44.59, for a total value of $133,770.00. Following the transaction, the vice president now owns 3,000 shares of the company’s stock, valued at $133,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John D. Milton, Jr. sold 2,000 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $45.73, for a total value of $91,460.00. Following the completion of the transaction, the vice president now directly owns 1,800 shares in the company, valued at approximately $82,314. The disclosure for this sale can be found here. 23.34% of the stock is currently owned by company insiders.
Separately, BidaskClub downgraded FRP Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.
FRP Holdings Company Profile
FRP Holdings, Inc is a holding company engaged in various real estate businesses. The Company conducts its business through its subsidiaries, FRP Maryland, Inc, FRP Development Corp. and Florida Rock Properties, Inc The segments of the Company include leasing and management of warehouse and office building owned by the Company (the Asset Management Segment), leasing and management of mining royalty land owned by the Company (the Mining Royalty Lands Segment) and real property acquisition, entitlement, development and construction primarily for warehouse and office buildings (the Land Development and Construction Segment).
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