Key Points
- Director John Baker II purchased 478,468 shares on March 23 at an average price of $20.90 for about $9.99 million, boosting his stake to 3,050,243 shares (an 18.6% increase) valued at roughly $63.75 million.
- FRP opened at $20.72 with a market capitalization of $396.17 million and a high P/E of 86.33, and the share price sits near its 12‑month low ($20.53) below its 50‑ and 200‑day moving averages (~$23.37 and $23.66).
- Analysts have an average rating of "Sell" (Weiss Ratings reaffirmed a "sell (d+)"), while institutional investors hold about 45.42% of the stock.
FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) Director John Baker II bought 478,468 shares of the stock in a transaction dated Monday, March 23rd. The shares were bought at an average cost of $20.90 per share, with a total value of $9,999,981.20. Following the completion of the purchase, the director directly owned 3,050,243 shares of the company's stock, valued at approximately $63,750,078.70. This trade represents a 18.60% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
FRP Price Performance
FRPH stock opened at $20.72 on Thursday. The company has a market capitalization of $396.17 million, a PE ratio of 86.33 and a beta of 0.55. FRP Holdings, Inc. has a 12 month low of $20.53 and a 12 month high of $29.69. The firm's 50-day moving average is $23.37 and its 200 day moving average is $23.66.
Institutional Investors Weigh In On FRP
Several hedge funds have recently made changes to their positions in the company. Signaturefd LLC grew its position in shares of FRP by 297.9% during the 4th quarter. Signaturefd LLC now owns 1,154 shares of the financial services provider's stock worth $26,000 after buying an additional 864 shares in the last quarter. CWM LLC raised its holdings in shares of FRP by 86.0% in the third quarter. CWM LLC now owns 1,520 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 703 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in FRP by 42.5% in the fourth quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider's stock worth $37,000 after acquiring an additional 484 shares during the period. Focus Partners Wealth purchased a new stake in FRP in the third quarter worth about $42,000. Finally, BNP Paribas Financial Markets grew its holdings in FRP by 30.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider's stock worth $60,000 after acquiring an additional 511 shares in the last quarter. 45.42% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of FRP in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, FRP has an average rating of "Sell".
View Our Latest Report on FRP
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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