Rutabaga Capital Managementma Lowers stake in FRP Holdings Inc (FRPH)

FRP Holdings Inc (FRPH) : Rutabaga Capital Managementma reduced its stake in FRP Holdings Inc by 22.37% during the most recent quarter end. The investment management company now holds a total of 220,822 shares of FRP Holdings Inc which is valued at $7,795,017 after selling 63,639 shares in FRP Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.FRP Holdings Inc makes up approximately 1.35% of Rutabaga Capital Managementma’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in FRPH by selling 1,600 shares or 3.08% in the most recent quarter. The Hedge Fund company now holds 50,300 shares of FRPH which is valued at $1,775,590. Bnp Paribas Arbitrage Sa added FRPH to its portfolio by purchasing 247 company shares during the most recent quarter which is valued at $8,744.

FRP Holdings Inc closed down -0.24 points or -0.68% at $34.93 with 4,503 shares getting traded on Monday. Post opening the session at $35.02, the shares hit an intraday low of $34.9 and an intraday high of $35.23 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

FRP Holdings Inc. is a holding company engaged in various real estate businesses. The Company conducts its business through its subsidiaries FRP Maryland Inc. FRP Development Corp. and Florida Rock Properties Inc. The segments of the Company include leasing and management of warehouse and office building owned by the Company (the Asset Management Segment) leasing and management of mining royalty land owned by the Company (the Mining Royalty Lands Segment) and real property acquisition entitlement development and construction primarily for warehouse and office buildings (the Land Development and Construction Segment). The Company’s Asset Management Segment owns leases and manages warehouse and office buildings. Its Mining Royalty Lands Segment owns several properties comprising approximately 15000 acres under lease for mining rents or royalties. Its Land Development and Construction Segment owns and monitors the parcels of land that are in various stages of development.

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