On November 12, 2024, MILTON JOHN D JR, Executive Vice President of FRP Holdings Inc (FRPH, Financial), sold 960 shares of the company. The transaction was executed at a price of $31.25 per share, as detailed in the SEC Filing. Following this transaction, the insider now owns 0 shares of FRP Holdings Inc.
FRP Holdings Inc operates in the real estate sector, focusing on the acquisition, development, and management of commercial properties across the United States.
Over the past year, MILTON JOHN D JR has engaged in multiple transactions involving the company's stock. The insider has sold a total of 3,388 shares and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 17 insider sells and no insider buys over the past year.
The shares of FRP Holdings Inc were trading at $31.25 on the day of the transaction, giving the company a market cap of $581.763 million. The price-earnings ratio of the company stands at 76.43, significantly higher than both the industry median of 14.31 and the company's historical median.
According to the GF Value, the intrinsic value of FRP Holdings Inc is estimated at $31.86 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 0.98. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation adjustments. The consistent pattern of insider sales over the past year could suggest various strategic financial decisions at the executive level, though the exact motivations remain undisclosed.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
