Key Points
- COO David Devilliers III sold 4,589 shares of FRP on Dec. 31 at an average price of $22.75 for ~$104,400, trimming his position by 8.17% to 51,570 shares (worth about $1.17M), per an SEC filing.
- FRPH opened at $23.13 (52‑week range $21.68–$31.99) with a market cap of ~$442.3M and a PE of 96.38, and the stock has a consensus Sell rating following recent downgrades by Weiss Ratings and Wall Street Zen.
FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) COO David Devilliers III sold 4,589 shares of FRP stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $22.75, for a total value of $104,399.75. Following the transaction, the chief operating officer owned 51,570 shares of the company's stock, valued at $1,173,217.50. This trade represents a 8.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
FRP Stock Up 1.6%
Shares of FRP stock opened at $23.13 on Tuesday. FRP Holdings, Inc. has a 52 week low of $21.68 and a 52 week high of $31.99. The business has a 50 day moving average price of $23.21 and a 200-day moving average price of $24.89. The company has a market cap of $442.25 million, a PE ratio of 96.38 and a beta of 0.57.
FRP (NASDAQ:FRPH - Get Free Report) last announced its quarterly 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 during the quarter. FRP had a return on equity of 1.00% and a net margin of 10.90%.
Institutional Investors Weigh In On FRP
A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in FRP by 21.3% during the third quarter. JPMorgan Chase & Co. now owns 40,922 shares of the financial services provider's stock valued at $997,000 after buying an additional 7,190 shares during the period. Qube Research & Technologies Ltd boosted its stake in FRP by 136.8% in the third quarter. Qube Research & Technologies Ltd now owns 30,416 shares of the financial services provider's stock valued at $741,000 after acquiring an additional 17,574 shares during the last quarter. Focus Partners Wealth bought a new position in shares of FRP during the 3rd quarter valued at approximately $42,000. Epacria Capital Partners LLC increased 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. Finally, Alliancebernstein L.P. raised its holdings in shares of FRP by 9.4% in the 3rd quarter. Alliancebernstein L.P. now owns 12,790 shares of the financial services provider's stock worth $312,000 after purchasing an additional 1,100 shares during the period. 45.42% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
FRPH has been the subject of several analyst reports. Weiss Ratings reiterated a "sell (d+)" rating on shares of FRP in a report on Monday, December 29th. Wall Street Zen downgraded shares of FRP from a "hold" rating to a "sell" rating in a research report on Saturday, November 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Sell".
View Our Latest Stock Analysis on FRPH
About FRP
(
Get Free Report)
FRP Holdings, Inc (NASDAQ: FRPH) is an industrial services holding company that provides asset integrity and life-extension solutions to heavy-industry clients. Through its operating subsidiaries, FRP offers a broad suite of non-destructive testing (NDT), inspection services, mechanical maintenance, protective coatings, thermal spray and surface-preparation services. These offerings help clients maintain and extend the service life of critical equipment and infrastructure across multiple sectors.
The company's core activities include ultrasonic, radiographic and magnetic-particle testing, site-based inspections, welding and fabrication support, and specialized coating applications designed to withstand extreme environments.
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