FRP Holdings, Inc. (NASDAQ:FRPH) has been the object of insider buying and selling activity recently. EVP John D. Jr Milton disclosed the sale of 4,000 shares of (FRPH). The shares were sold on June 8th for an average price of $43.34. The EVP now owns $0 of the stock according to the SEC filing. John D. Klopfenstein, Controller & CAO disclosed the sale of 1,489 shares of FRPH stock. The shares sold for $44.15. Klopfenstein now owns $176,845 of the stock per the Form 4 SEC filing.
John D. Ii Baker, CEO disclosed the purchase of 635 shares. The shares were purchased at an average price of $37.00. The CEO now owns $8,667,213 of the stock per the Form 4 SEC filing.
FRP Holdings, Inc., launched on April 22, 2014, 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). The Company owns over 20,000 acres of land in Florida, Georgia, Maryland, Virginia and the District of Columbia..
These funds have also shifted positions in (FRPH). As of the end of the quarter Clearbridge Investments, LLC had acquired a total of 1,200 shares growing its stake by 66.7%. The value of the total investment in FRP Holdings, Inc. went from $68,000 to $120,000 a change of $52,000 quarter to quarter. Morgan Stanley trimmed its ownership by selling 50 shares a decrease of 50.0% in the quarter. Morgan Stanley owns 50 shares valued at $2,000. The value of the position overall is down by 50.0%.
Tower Research Capital LLC (trc) expanded its position by buying 572 shares an increase of 128.3%. Tower Research Capital LLC (trc) now controls 1,018 shares worth $41,000. The total value of its holdings increased 141.2%. Price T Rowe Associates Inc /md/ augmented its investment by buying 200 shares an increase of 0.0% as of 03/31/2017. Price T Rowe Associates Inc /md/ currently owns 871,800 shares with a value of $34,872,000. The value of the position overall is up by 6.1%.
The company is so far trading up by 1.68% since yesterday’s close of $44.75. Company shares last traded at $45.50 just a bit higher than $43.11, the stock’s 50 day moving average and just above the 200 day moving average of $40.05. The 50 day moving average went up $2.39 or +5.54% whereas the 200 day average was up by +13.60%.
The P/E ratio is 71.99 and the market cap of the company is 452.32M. Short traders are feeling a little more bearish on shares of FRP Holdings, Inc. recently as shown by the motion in short interest. The stock had a rise in short interest of 24.06% between May 15, 2017 and May 31, 2017. Short interest increased from 47,541 to 58,980 over that period. Days to cover increased from 7.0 to 12.7 and the short interest percentage is 0.01% as of May 31.