Five Point Holdings, LLC (NYSE:FPH) Director Purchases $10,341,525.60 in Stock

Five Point Holdings, LLC (NYSE:FPH) Director Sam Levinson acquired 3,283,024 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were acquired at an average cost of $3.15 per share, with a total value of $10,341,525.60. Following the transaction, the director now owns 6,219,241 shares in the company, valued at approximately $19,590,609.15. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Five Point Trading Down 1.8 %

Shares of FPH traded down $0.07 during trading hours on Thursday, reaching $3.83. 141,804 shares of the stock traded hands, compared to its average volume of 191,608. Five Point Holdings, LLC has a 52-week low of $2.13 and a 52-week high of $4.39. The company’s 50-day moving average price is $3.58 and its two-hundred day moving average price is $3.25. The company has a market cap of $567.95 million, a P/E ratio of 4.51 and a beta of 1.46.

Five Point (NYSE:FPH) last announced its quarterly earnings results on Thursday, October 17th. The company reported $0.07 EPS for the quarter. The business had revenue of $17.01 million for the quarter. Five Point had a net margin of 21.73% and a return on equity of 2.70%.

Hedge Funds Weigh In On Five Point

A number of hedge funds have recently added to or reduced their stakes in FPH. WINTON GROUP Ltd boosted its stake in shares of Five Point by 89.3% during the second quarter. WINTON GROUP Ltd now owns 36,452 shares of the company’s stock valued at $107,000 after purchasing an additional 17,196 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of Five Point by 12.6% in the first quarter. Hillsdale Investment Management Inc. now owns 44,700 shares of the company’s stock worth $140,000 after buying an additional 5,000 shares during the last quarter. Choreo LLC purchased a new position in shares of Five Point in the second quarter worth $293,000. Dimensional Fund Advisors LP raised its holdings in shares of Five Point by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock worth $1,928,000 after buying an additional 77,369 shares during the last quarter. Finally, ACR Alpine Capital Research LLC increased its stake in shares of Five Point by 19.3% in the first quarter. ACR Alpine Capital Research LLC now owns 828,123 shares of the company’s stock worth $2,592,000 after acquiring an additional 133,898 shares during the period. 38.09% of the stock is currently owned by institutional investors.

About Five Point

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, research and development, medical campus, and other properties; and provides development and property management services.