FRP Holdings Inc (FRPH) Shares Sold by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC decreased its holdings in shares of FRP Holdings Inc (NASDAQ:FRPH) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,671 shares of the financial services provider’s stock after selling 710 shares during the period. TIAA CREF Investment Management LLC’s holdings in FRP were worth $911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc lifted its stake in FRP by 9.8% in the 3rd quarter. Vanguard Group Inc now owns 700,043 shares of the financial services provider’s stock worth $43,473,000 after purchasing an additional 62,580 shares in the last quarter. Vanguard Group Inc. lifted its stake in FRP by 9.8% in the 3rd quarter. Vanguard Group Inc. now owns 700,043 shares of the financial services provider’s stock worth $43,473,000 after purchasing an additional 62,580 shares in the last quarter. BlackRock Inc. lifted its stake in FRP by 2.5% in the 3rd quarter. BlackRock Inc. now owns 512,544 shares of the financial services provider’s stock worth $31,828,000 after purchasing an additional 12,497 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in FRP by 3.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 436,174 shares of the financial services provider’s stock worth $27,087,000 after purchasing an additional 15,135 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in FRP by 14.6% in the 2nd quarter. Northern Trust Corp now owns 90,880 shares of the financial services provider’s stock worth $5,884,000 after purchasing an additional 11,579 shares in the last quarter. 50.30% of the stock is owned by hedge funds and other institutional investors.

FRPH stock traded up $0.29 during mid-day trading on Tuesday, hitting $51.50. The company had a trading volume of 291 shares, compared to its average volume of 15,115. The stock has a market cap of $511.48 million, a P/E ratio of 137.19 and a beta of 0.52. FRP Holdings Inc has a 12-month low of $41.51 and a 12-month high of $67.70. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.23.

Separately, BidaskClub upgraded shares of FRP from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th.

In other news, CFO John D. Milton, Jr. sold 2,800 shares of the company’s stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $46.09, for a total transaction of $129,052.00. Following the sale, the chief financial officer now directly owns 200 shares in the company, valued at approximately $9,218. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John D. Milton, Jr. sold 3,375 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $46.50, for a total transaction of $156,937.50. Following the sale, the chief financial officer now owns 3,375 shares in the company, valued at $156,937.50. The disclosure for this sale can be found here. 17.31% of the stock is owned by insiders.

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FRP Company Profile

FRP Holdings, Inc, through its subsidiaries, engages in various real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Land Development and Construction, and RiverFront on the Anacostia. The Asset Management segment owns, leases, and manages warehouses and office buildings primarily located in the Baltimore, northern Virginia, and Washington, DC market areas.

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Institutional Ownership by Quarter for FRP (NASDAQ:FRPH)

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