Estabrook Capital Management Sells 20,576 Shares of FRP Holdings, Inc. (NASDAQ:FRPH)

Estabrook Capital Management cut its position in shares of FRP Holdings, Inc. (NASDAQ:FRPH) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 245,822 shares of the financial services provider’s stock after selling 20,576 shares during the quarter. FRP accounts for about 1.2% of Estabrook Capital Management’s portfolio, making the stock its 25th biggest holding. Estabrook Capital Management’s holdings in FRP were worth $7,530,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd acquired a new position in FRP during the 4th quarter worth approximately $65,000. KLP Kapitalforvaltning AS bought a new stake in shares of FRP in the fourth quarter worth $104,000. Wells Fargo & Company MN boosted its holdings in FRP by 25.4% during the fourth quarter. Wells Fargo & Company MN now owns 8,423 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 1,704 shares during the last quarter. American Century Companies Inc. grew its position in FRP by 4.6% in the fourth quarter. American Century Companies Inc. now owns 13,328 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 592 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in FRP in the fourth quarter valued at $517,000. Institutional investors and hedge funds own 45.42% of the company’s stock.

FRP Price Performance

Shares of NASDAQ:FRPH opened at $26.55 on Wednesday. The stock has a market capitalization of $506.76 million, a PE ratio of 66.38 and a beta of 0.53. The company’s 50-day moving average price is $29.70 and its two-hundred day moving average price is $30.16. FRP Holdings, Inc. has a one year low of $26.35 and a one year high of $33.00.

FRP (NASDAQ:FRPH) last issued its quarterly earnings results on Wednesday, March 5th. The financial services provider reported $0.09 EPS for the quarter. The firm had revenue of $10.53 million during the quarter. FRP had a return on equity of 1.67% and a net margin of 18.35%.

About FRP

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.