Insiders at FRP Holdings increase ownership by 12% over past year
Insiders at FRP Holdings, Inc. have increased their holdings by 12% over the past year, with more shares purchased than sold. Executive Chairman John Baker made the largest purchase, buying $10 million worth of shares at $29 each. In the last three months, insider buying has significantly outpaced selling, with Baker's recent purchases indicating optimism about the company. Total insider ownership stands at 32%, valued at approximately $188 million. This trend of insider buying, along with high ownership levels, suggests a positive outlook among company leaders. However, there is one warning sign regarding the company that investors should consider.