Corebridge Financial Inc. lessened its position in shares of FRP Holdings, Inc. (NASDAQ:FRPH – Free Report) by 7.0% in the 4th quarter, HoldingsChannel reports. The fund owned 6,626 shares of the financial services provider’s stock after selling 500 shares during the period. Corebridge Financial Inc.’s holdings in FRP were worth $203,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. HighTower Advisors LLC purchased a new position in FRP in the fourth quarter worth $59,067,000. Raymond James Financial Inc. acquired a new stake in shares of FRP in the 4th quarter worth $1,789,000. Meixler Investment Management Ltd. purchased a new position in FRP during the 4th quarter worth $793,000. Proficio Capital Partners LLC acquired a new position in FRP during the 4th quarter valued at about $517,000. Finally, Barclays PLC raised its stake in FRP by 217.5% in the third quarter. Barclays PLC now owns 22,771 shares of the financial services provider’s stock valued at $681,000 after buying an additional 15,599 shares during the last quarter. Institutional investors own 45.42% of the company’s stock.
FRP Stock Performance
Shares of FRPH stock opened at $26.62 on Friday. FRP Holdings, Inc. has a fifty-two week low of $25.37 and a fifty-two week high of $33.00. The firm has a market capitalization of $508.10 million, a price-to-earnings ratio of 66.55 and a beta of 0.53. The stock’s 50-day simple moving average is $29.40 and its 200-day simple moving average is $30.09.
FRP (NASDAQ:FRPH – Get Free Report) last released its earnings results on Wednesday, March 5th. The financial services provider reported $0.09 earnings per share for the quarter. FRP had a net margin of 18.35% and a return on equity of 1.67%. The company had revenue of $10.53 million for the quarter.
FRP Company Profile
(Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding FRPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FRP Holdings, Inc. (NASDAQ:FRPH – Free Report).
Receive News & Ratings for FRP Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for FRP and related companies with MarketBeat.com’s FREE daily email newsletter.
