FRP Holdings, Inc. (NASDAQ:FRPH) Short Interest Update
FRP Holdings, Inc. (NASDAQ:FRPH) saw a significant growth in short interest in April, with a total of 58,000 shares, an increase of 95.3% from the previous month. The short-interest ratio is currently 2.8 days. The stock price of FRP has been relatively stable, with a 12-month low of $26.23 and a high of $32.50. The company operates in the real estate business and owns and manages commercial properties. 45.42% of the stock is owned by institutional investors.
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FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 58,000 shares, an increase of 95.3% from the March 31st total of 29,700 shares. Based on an average trading volume of 20,600 shares, the days-to-cover ratio is currently 2.8 days.
FRP Stock Up 0.2 %
Shares of NASDAQ FRPH traded up $0.07 during trading on Friday, reaching $30.43. The company had a trading volume of 11,392 shares, compared to its average volume of 19,056. FRP has a 12-month low of $26.23 and a 12-month high of $32.50. The stock has a market cap of $578.17 million, a PE ratio of 110.65 and a beta of 0.57. The business's 50-day moving average is $30.13 and its 200 day moving average is $29.60.
FRP (NASDAQ:FRPH - Get Free Report) last released its earnings results on Wednesday, March 6th. The financial services provider reported $0.15 EPS for the quarter. FRP had a return on equity of 1.19% and a net margin of 12.77%. The firm had revenue of $10.11 million for the quarter.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut FRP from a "buy" rating to a "hold" rating in a research note on Tuesday, April 23rd.
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View Our Latest Stock Report on FRPH
Institutional Investors Weigh In On FRP
A number of institutional investors have recently modified their holdings of FRPH. Intrepid Capital Management Inc. boosted its position in shares of FRP by 0.3% during the fourth quarter. Intrepid Capital Management Inc. now owns 99,731 shares of the financial services provider's stock valued at $6,271,000 after buying an additional 336 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of FRP by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 534,826 shares of the financial services provider's stock valued at $33,630,000 after buying an additional 10,860 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of FRP by 17,245.5% during the fourth quarter. Russell Investments Group Ltd. now owns 13,356 shares of the financial services provider's stock valued at $840,000 after buying an additional 13,279 shares during the last quarter. LB Partners LLC purchased a new stake in shares of FRP during the fourth quarter valued at $3,955,000. Finally, Everett Harris & Co. CA purchased a new stake in shares of FRP during the fourth quarter valued at $235,000. 45.42% of the stock is owned by hedge funds and other institutional investors.
About FRP
(Get 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.
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