Five Point (NYSE:FPH) Sees Large Volume Increase – Time to Buy?

Five Point Holdings, LLC (NYSE:FPH) saw unusually-strong trading volume on Friday . Approximately 261,972 shares were traded during mid-day trading, an increase of 53% from the previous session’s volume of 171,354 shares.The stock last traded at $3.60 and had previously closed at $3.72.

Five Point Stock Down 1.1 %

The company has a market cap of $545.71 million, a P/E ratio of 5.26 and a beta of 1.46. The firm’s 50-day moving average price is $3.82 and its 200-day moving average price is $3.54.

Five Point (NYSE:FPH) last issued its earnings results on Thursday, October 17th. The company reported $0.07 earnings per share (EPS) for the quarter. Five Point had a net margin of 26.19% and a return on equity of 2.57%. The business had revenue of $17.01 million for the quarter.

Insiders Place Their Bets

In other news, Director Sam Levinson purchased 3,283,024 shares of Five Point stock in a transaction dated Tuesday, October 22nd. The stock was purchased at an average cost of $3.15 per share, for a total transaction of $10,341,525.60. Following the transaction, the director now directly owns 6,219,241 shares of the company’s stock, valued at approximately $19,590,609.15. This trade represents a 111.81 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Five Point

A number of institutional investors and hedge funds have recently bought and sold shares of FPH. O Keefe Stevens Advisory Inc. lifted its stake in Five Point by 18.4% during the third quarter. O Keefe Stevens Advisory Inc. now owns 2,018,525 shares of the company’s stock worth $8,377,000 after purchasing an additional 313,110 shares during the last quarter. TCW Group Inc. lifted its position in Five Point by 3.1% in the 3rd quarter. TCW Group Inc. now owns 1,168,437 shares of the company’s stock worth $4,849,000 after buying an additional 34,900 shares during the last quarter. Wellington Management Group LLP boosted its stake in Five Point by 0.4% in the third quarter. Wellington Management Group LLP now owns 957,856 shares of the company’s stock worth $3,975,000 after buying an additional 4,281 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Five Point by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock valued at $1,928,000 after acquiring an additional 77,369 shares during the last quarter. Finally, Choreo LLC purchased a new position in shares of Five Point during the second quarter worth approximately $293,000. 38.09% of the stock is owned by hedge funds and other institutional investors.

Five Point Company Profile

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, research and development, medical campus, and other properties; and provides development and property management services.