Five Point (NYSE:FPH) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Five Point (NYSE:FPH) posted its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01, Zacks reports. Five Point had a net margin of 64.50% and a return on equity of 3.14%.

Five Point Price Performance

FPH traded up $0.03 on Thursday, hitting $5.06. 133,006 shares of the stock were exchanged, compared to its average volume of 177,694. Five Point has a 12 month low of $4.72 and a 12 month high of $6.64. The business has a 50-day moving average of $5.18 and a two-hundred day moving average of $5.57. The firm has a market capitalization of $745.24 million, a price-to-earnings ratio of 5.27 and a beta of 1.38.

Insiders Place Their Bets

In other Five Point news, insider Greg Mcwilliams sold 111,037 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $5.23, for a total transaction of $580,723.51. Following the completion of the transaction, the insider owned 588,735 shares of the company’s stock, valued at approximately $3,079,084.05. The trade was a 15.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.49% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. JBF Capital Inc. bought a new position in shares of Five Point in the fourth quarter worth about $56,000. State of Wyoming bought a new position in shares of Five Point in the second quarter worth about $58,000. Occudo Quantitative Strategies LP lifted its holdings in shares of Five Point by 17.7% in the third quarter. Occudo Quantitative Strategies LP now owns 16,844 shares of the company’s stock worth $103,000 after acquiring an additional 2,537 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Five Point in the second quarter worth about $128,000. Finally, Squarepoint Ops LLC bought a new position in shares of Five Point in the fourth quarter worth about $138,000. Institutional investors own 38.09% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Five Point from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Five Point Company Profile

Five Point Holdings, L.P. (NYSE:FPH) is a California?based master planned community developer specializing in residential, commercial and mixed?use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single?family homes, multifamily housing, retail centers, office space and community amenities.

Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large?scale, long-term projects.