How FRP Holdings Inc (FRPH) Stacks Up Against Its Peers

Page 2 of 2

Now, key hedge funds were leading the bulls’ herd. Cove Street Capital established the most outsized position in FRP Holdings Inc (NASDAQ:FRPH). Cove Street Capital had $2.2 million invested in the company at the end of the quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as FRP Holdings Inc (NASDAQ:FRPH) but similarly valued. We will take a look at Davids Tea Inc (NASDAQ:DTEA), Silicom Ltd. (NASDAQ:SILC), EXCO Resources Inc (NYSE:XCO), and Newcastle Investment Corp. (NYSE:NCT). This group of stocks’ market valuations match FRPH’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
DTEA 4 4882 4
SILC 4 6211 4
XCO 11 130821 2
NCT 10 7027 1

As you can see these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $37 million. That figure was $40 million in FRPH’s case. EXCO Resources Inc (NYSE:XCO) is the most popular stock in this table. On the other hand Davids Tea Inc (NASDAQ:DTEA) is the least popular one with only 4 bullish hedge fund positions. FRP Holdings Inc (NASDAQ:FRPH) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard XCO might be a better candidate to consider taking a long position in.

Disclosure: None

Page 2 of 2