Walleye Capital LLC Takes $180,000 Position in Five Point Holdings, LLC (NYSE:FPH)

Walleye Capital LLC acquired a new position in Five Point Holdings, LLC (NYSE:FPH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 47,576 shares of the company’s stock, valued at approximately $180,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FPH. XTX Topco Ltd raised its position in shares of Five Point by 24.5% in the fourth quarter. XTX Topco Ltd now owns 21,079 shares of the company’s stock valued at $80,000 after purchasing an additional 4,145 shares during the period. Raymond James Financial Inc. bought a new stake in Five Point during the 4th quarter valued at $1,274,000. Envestnet Asset Management Inc. lifted its position in shares of Five Point by 21.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 17,364 shares of the company’s stock worth $66,000 after acquiring an additional 3,052 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Five Point by 16.5% in the fourth quarter. Wells Fargo & Company MN now owns 354,240 shares of the company’s stock worth $1,339,000 after acquiring an additional 50,077 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Five Point by 2,431.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 436,686 shares of the company’s stock valued at $1,651,000 after purchasing an additional 419,436 shares in the last quarter. 38.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Zelman & Associates upgraded Five Point from a “neutral” rating to an “outperform” rating in a research note on Monday, January 27th.

Five Point Trading Up 8.5 %

FPH stock opened at $5.64 on Friday. The firm has a 50 day moving average of $5.28 and a 200-day moving average of $4.63. The firm has a market capitalization of $838.74 million, a P/E ratio of 5.88 and a beta of 1.46. Five Point Holdings, LLC has a 12 month low of $2.83 and a 12 month high of $6.71.

Five Point (NYSE:FPH) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.32 EPS for the quarter. The firm had revenue of $13.16 million during the quarter. Five Point had a net margin of 28.70% and a return on equity of 3.38%.

Insiders Place Their Bets

In other news, insider Kim Tobler sold 18,496 shares of the stock in a transaction on Saturday, March 8th. The shares were sold at an average price of $5.78, for a total value of $106,906.88. Following the transaction, the insider now owns 17,927 shares of the company’s stock, valued at $103,618.06. This represents a 50.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 21.49% of the company’s stock.

Five Point Profile

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.