In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Five Point Holdings LLC. (NYSE:FPH) reported that Castlelake L.p. has picked up 177,296 of common stock as of 2017-05-25.
The acquisition brings the aggregate amount owned by Castlelake L.p. to a total of 177,296 representing less than 0.3% stake in the company.
For those not familiar with the company, Five Point Holdings, LLC, formerly Newhall Holding Company, LLC, is the owner and developer of mixed-use, planned communities in coastal California. The Company is primarily engaged in the business of planning and developing its three mixed-use, planned communities. It operates in three segments: Newhall, San Francisco and Great Park. Its three mixed-use, planned communities are: Newhall Ranch in Los Angeles County; The San Francisco Shipyard and Candlestick Point in the City of San Francisco; and Great Park Neighborhoods in Orange County. Newhall Ranch consists of approximately 15,000 acres in northern Los Angeles County. Newhall Ranch is designed to include approximately 21,500 home sites and approximately 11.5 million square feet of commercial space. The San Francisco Shipyard and Candlestick Point consists of approximately 800 acres of bay front property in the city of San Francisco. Great Park Neighborhoods consists of approximately 2,100 acres in Orange County, California.
A glance at Five Point Holdings LLC. (NYSE:FPH)’s key stats reveals a current market capitalization of 3.53 Billion based on 224.53 Million shares outstanding and a price at last close of $16.03 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-05-15, Jochim picked up 10,000 at a purchase price of $14.00. This brings their total holding to 10,000 as of the date of the filing.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Five Point Holdings LLC. (NYSE:FPH) as things move forward to see if its progress aligns with these transactions.
Subscribe below and we’ll keep you on top of what’s happening before it moves markets.