Walleye Capital LLC Makes New Investment in Five Point Holdings, LLC (NYSE:FPH)

Walleye Capital LLC acquired a new stake in shares of Five Point Holdings, LLC (NYSE:FPH) during the fourth quarter, Holdings Channel reports. The fund acquired 47,576 shares of the company’s stock, valued at approximately $180,000.

Several other large investors have also recently modified their holdings of the stock. Robotti Robert grew its position in Five Point by 1.1% during the 4th quarter. Robotti Robert now owns 6,779,047 shares of the company’s stock worth $25,625,000 after acquiring an additional 75,000 shares during the last quarter. Private Management Group Inc. grew its holdings in shares of Five Point by 9.8% in the fourth quarter. Private Management Group Inc. now owns 5,525,607 shares of the company’s stock worth $20,887,000 after purchasing an additional 493,138 shares during the last quarter. O Keefe Stevens Advisory Inc. increased its stake in shares of Five Point by 8.1% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 2,182,172 shares of the company’s stock worth $8,249,000 after buying an additional 163,647 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Five Point by 2,431.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 436,686 shares of the company’s stock valued at $1,651,000 after buying an additional 419,436 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Five Point by 16.5% during the 4th quarter. Wells Fargo & Company MN now owns 354,240 shares of the company’s stock valued at $1,339,000 after buying an additional 50,077 shares during the period. Hedge funds and other institutional investors own 38.09% of the company’s stock.

Five Point Price Performance

FPH opened at $5.64 on Friday. Five Point Holdings, LLC has a one year low of $2.83 and a one year high of $6.71. The business has a 50 day simple moving average of $5.28 and a two-hundred day simple moving average of $4.63. The firm has a market capitalization of $838.74 million, a price-to-earnings ratio of 5.88 and a beta of 1.46.

Five Point (NYSE:FPH) last announced its earnings results on Thursday, April 24th. The company reported $0.32 EPS for the quarter. The company had revenue of $13.16 million during the quarter. Five Point had a return on equity of 3.38% and a net margin of 28.70%.

Analyst Ratings Changes

Separately, Zelman & Associates upgraded shares of Five Point from a “neutral” rating to an “outperform” rating in a research report on Monday, January 27th.

Insider Transactions at Five Point

In other news, insider Kim Tobler sold 18,496 shares of the firm’s stock in a transaction that occurred on Saturday, March 8th. The stock was sold at an average price of $5.78, for a total value of $106,906.88. Following the completion of the transaction, the insider now owns 17,927 shares in the company, valued at $103,618.06. This trade represents a 50.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 21.49% of the company’s stock.

About Five Point

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.