Martin E. Stein, Jr. Sells 1,029 Shares of FRP Holdings, Inc. (NASDAQ:FRPH) Stock

FRP Holdings, Inc. (NASDAQ:FRPH) Director Martin E. Stein, Jr. sold 1,029 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $33.00, for a total value of $33,957.00. Following the sale, the director now directly owns 138,399 shares of the company’s stock, valued at approximately $4,567,167. The trade was a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

FRP Stock Performance

NASDAQ:FRPH opened at $32.03 on Friday. FRP Holdings, Inc. has a 52-week low of $26.99 and a 52-week high of $33.00. The company has a market cap of $609.53 million, a P/E ratio of 80.08 and a beta of 0.47. The stock’s 50-day simple moving average is $30.21 and its 200 day simple moving average is $29.61.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Hyman Charles D lifted its stake in FRP by 100.0% in the second quarter. Hyman Charles D now owns 1,937,268 shares of the financial services provider’s stock valued at $55,251,000 after acquiring an additional 968,822 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of FRP by 101.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,096,293 shares of the financial services provider’s stock worth $31,266,000 after buying an additional 553,265 shares during the period. LB Partners LLC lifted its position in FRP by 100.0% during the second quarter. LB Partners LLC now owns 125,802 shares of the financial services provider’s stock worth $3,588,000 after acquiring an additional 62,901 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in shares of FRP by 98.9% during the second quarter. Salem Investment Counselors Inc. now owns 110,734 shares of the financial services provider’s stock worth $3,158,000 after purchasing an additional 55,067 shares during the period. Finally, Oppenheimer & Close LLC raised its stake in FRP by 100.0% in the 2nd quarter. Oppenheimer & Close LLC now owns 93,368 shares of the financial services provider’s stock worth $2,663,000 after purchasing an additional 46,684 shares in the last quarter. Institutional investors and hedge funds own 45.42% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of FRP from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

About FRP

FRP Holdings, Inc engages in the real estate business in the United States. It operates through four segments: Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily. The Industrial and Commercial segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment leases and manages mining royalties owned by the company primarily in Florida, Georgia, and Virginia.