Key Points
- FRP COO David Devilliers III sold 1,500 shares on Dec. 11 at an average price of $23.42 for $35,130, reducing his direct stake to 56,159 shares (a 2.60% ownership decrease) per an SEC filing.
- Wall Street sentiment is negative with an average "Sell" rating after recent downgrades, and the stock is trading near $23 with a 50-day/200-day moving average of $23.77/$25.34 and a high P/E of 96.25.
- FRP reported last quarter EPS of $0.03 on $10.78 million in revenue, has a market cap of about $442 million, modest profitability (ROE 1.0%, net margin 10.9%), and roughly 45% institutional ownership.
FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) COO David Devilliers III sold 1,500 shares of the company's stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $23.42, for a total transaction of $35,130.00. Following the transaction, the chief operating officer directly owned 56,159 shares in the company, valued at approximately $1,315,243.78. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
FRP Stock Down 1.3%
Shares of NASDAQ FRPH opened at $23.10 on Tuesday. The firm has a 50-day moving average price of $23.77 and a 200 day moving average price of $25.34. FRP Holdings, Inc. has a 52 week low of $21.68 and a 52 week high of $31.99. The stock has a market capitalization of $441.67 million, a price-to-earnings ratio of 96.25 and a beta of 0.56.
FRP (NASDAQ:FRPH - Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.03 EPS for the quarter. The business had revenue of $10.78 million for the quarter. FRP had a return on equity of 1.00% and a net margin of 10.90%.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Wall Street Zen lowered FRP from a "hold" rating to a "sell" rating in a report on Saturday, November 15th. Weiss Ratings reiterated a "sell (d+)" rating on shares of FRP in a research report on Monday, December 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of "Sell".
Check Out Our Latest Stock Report on FRPH
Hedge Funds Weigh In On FRP
A number of institutional investors have recently made changes to their positions in FRPH. Qube Research & Technologies Ltd increased its position in FRP by 136.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 30,416 shares of the financial services provider's stock worth $741,000 after purchasing an additional 17,574 shares in the last quarter. Focus Partners Wealth purchased a new position in FRP in the 3rd quarter valued at about $42,000. Epacria Capital Partners LLC boosted its stake in shares of FRP by 4.9% during the 3rd quarter. Epacria Capital Partners LLC now owns 52,569 shares of the financial services provider's stock worth $1,281,000 after purchasing an additional 2,470 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of FRP by 9.4% during the third quarter. Alliancebernstein L.P. now owns 12,790 shares of the financial services provider's stock worth $312,000 after buying an additional 1,100 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of FRP by 32.4% in the third quarter. Two Sigma Investments LP now owns 69,624 shares of the financial services provider's stock valued at $1,696,000 after buying an additional 17,046 shares during the last quarter. 45.42% of the stock is owned by institutional investors and hedge funds.
FRP Company Profile
(
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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