FRP Holdings, Inc. (NASDAQ:FRPH) Short Interest Update

FRP Holdings, Inc. (NASDAQ:FRPH) was the recipient of a large increase in short interest during the month of 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 daily trading volume, of 20,600 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Trading of FRP

Several large investors have recently added to or reduced their stakes in the company. Intrepid Capital Management Inc. lifted its holdings in shares of FRP by 0.3% in the 4th 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 period. SG Americas Securities LLC lifted its holdings in shares of FRP by 24.6% in the 4th quarter. SG Americas Securities LLC now owns 3,759 shares of the financial services provider’s stock valued at $236,000 after buying an additional 743 shares during the period. Creative Financial Designs Inc. ADV acquired a new position in shares of FRP in the 4th quarter valued at about $50,000. Guardian Wealth Management Inc. lifted its holdings in shares of FRP by 2.4% in the 3rd quarter. Guardian Wealth Management Inc. now owns 35,069 shares of the financial services provider’s stock valued at $1,893,000 after buying an additional 835 shares during the period. Finally, Everett Harris & Co. CA acquired a new position in shares of FRP in the 4th quarter valued at about $235,000. Hedge funds and other institutional investors own 45.42% of the company’s stock.

FRP Price Performance

FRP stock traded up $0.07 during trading hours on Friday, hitting $30.43. 11,392 shares of the stock traded hands, compared to its average volume of 19,056. The firm’s 50 day moving average price is $30.13 and its 200-day moving average price is $29.60. The stock has a market capitalization of $578.17 million, a price-to-earnings ratio of 110.65 and a beta of 0.57. FRP has a 1 year low of $26.23 and a 1 year high of $32.50.

FRP (NASDAQ:FRPH) last posted its quarterly earnings results on Wednesday, March 6th. The financial services provider reported $0.15 earnings per share for the quarter. The business had revenue of $10.11 million for the quarter. FRP had a return on equity of 1.19% and a net margin of 12.77%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded FRP from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd.

FRP Company Profile

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.