FRP Holdings, Inc. (NASDAQ:FRPH) Short Interest Up 95.3% in April

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

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of FRP from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd.

Institutional Trading of FRP

Hedge funds have recently modified their holdings of the stock. WINTON GROUP Ltd acquired a new stake in shares of FRP during the 3rd quarter worth about $328,000. SG Americas Securities LLC bought a new position in FRP during the third quarter worth about $163,000. Pathstone Family Office LLC bought a new position in FRP during the third quarter worth about $228,000. Guardian Wealth Management Inc. increased its position in FRP by 2.4% during the third quarter. Guardian Wealth Management Inc. now owns 35,069 shares of the financial services provider’s stock worth $1,893,000 after acquiring an additional 835 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in FRP by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 534,826 shares of the financial services provider’s stock worth $33,630,000 after acquiring an additional 10,860 shares during the period. Institutional investors and hedge funds own 45.42% of the company’s stock.

FRP Stock Performance

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

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

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.