Key Points
- Insider purchase: Director John Baker II bought 854 shares on November 13 at an average price of $23.85 for $20,367.90, raising his stake to 199,879 shares (a 0.43% ownership increase) per an SEC filing.
- Stock snapshot: FRP shares closed at $24.55 (up $0.56) on elevated volume (84,642 vs. 48,194 avg), with a 52-week range of $21.68–$33.00, a market cap around $469.3M and a high P/E of 87.68.
- Analyst view: The consensus from recent reports is a Sell rating after downgrades from Weiss Ratings and Wall Street Zen.
FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) Director John Baker II acquired 854 shares of the business's stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average cost of $23.85 per share, for a total transaction of $20,367.90. Following the completion of the purchase, the director owned 199,879 shares of the company's stock, valued at $4,767,114.15. This trade represents a 0.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
FRP Stock Performance
Shares of NASDAQ:FRPH traded up $0.56 during trading on Friday, reaching $24.55. The stock had a trading volume of 84,642 shares, compared to its average volume of 48,194. FRP Holdings, Inc. has a 52 week low of $21.68 and a 52 week high of $33.00. The firm's fifty day moving average is $24.40 and its 200 day moving average is $25.93. The stock has a market cap of $469.30 million, a price-to-earnings ratio of 87.68 and a beta of 0.62.
FRP (NASDAQ:FRPH - Get Free Report) last released its earnings results on Wednesday, November 5th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $10.78 million for the quarter. FRP had a net margin of 12.59% and a return on equity of 1.15%.
Wall Street Analyst Weigh In
FRPH has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of FRP in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of FRP from a "hold" rating to a "sell" rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of "Sell".
View Our Latest Research Report on FRPH
Hedge Funds Weigh In On FRP
Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in FRP by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 669,922 shares of the financial services provider's stock valued at $19,140,000 after purchasing an additional 8,758 shares in the last quarter. SCS Capital Management LLC acquired a new position in shares of FRP during the first quarter valued at about $5,880,000. Intrepid Capital Management Inc. increased its position in shares of FRP by 0.3% during the third quarter. Intrepid Capital Management Inc. now owns 176,510 shares of the financial services provider's stock worth $4,300,000 after acquiring an additional 570 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of FRP by 59.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 120,192 shares of the financial services provider's stock worth $3,434,000 after acquiring an additional 44,874 shares during the last quarter. Finally, Oppenheimer & Close LLC lifted its position in FRP by 20.6% in the 3rd quarter. Oppenheimer & Close LLC now owns 112,290 shares of the financial services provider's stock valued at $2,735,000 after acquiring an additional 19,142 shares in the last quarter. 45.42% of the stock is owned by institutional investors and hedge funds.
About FRP
(
Get Free Report)
FRP Holdings, Inc engages in the real estate business in the United States. It operates through four segments: Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily. The Industrial and Commercial segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment leases and manages mining royalties owned by the company primarily in Florida, Georgia, and Virginia.
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