Key Points
- FRP CEO John Baker III purchased 6,800 shares at an average price of $21.91, investing $148,988 and increasing his direct ownership by 2.29% to 303,591 shares.
- FRP shares opened at $22.12, with a market capitalization of approximately $424.7 million and a 52-week trading range of $20.53 to $26.99. The company reported quarterly revenue of $11.08 million and a loss of $0.01 per share.
- Analyst sentiment remains negative: Wall Street Zen downgraded the stock to “sell,” Weiss Ratings reaffirmed its “sell” rating, and FRP has a consensus rating of “Sell.” Institutional investors own 45.42% of the company.
FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) CEO John Baker III bought 6,800 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price of $21.91 per share, with a total value of $148,988.00. Following the transaction, the chief executive officer directly owned 303,591 shares in the company, valued at $6,651,678.81. This trade represents a 2.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
FRP Stock Performance
Shares of NASDAQ FRPH opened at $22.12 on Wednesday. The stock has a market cap of $424.70 million, a PE ratio of 1,082.00 and a beta of 0.51. The business has a fifty day moving average of $23.70 and a two-hundred day moving average of $23.04. FRP Holdings, Inc. has a 52-week low of $20.53 and a 52-week high of $26.99.
FRP (NASDAQ:FRPH - Get Free Report) last posted its earnings results on Tuesday, August 4th. The financial services provider reported ($0.01) earnings per share for the quarter. FRP had a return on equity of 0.11% and a net margin of 0.22%.The firm had revenue of $11.08 million during the quarter.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (d)" rating on shares of FRP in a report on Tuesday, July 14th. Wall Street Zen downgraded FRP from a "hold" rating to a "sell" rating in a report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, FRP presently has a consensus rating of "Sell".
Read Our Latest Research Report on FRPH
Institutional Trading of FRP
Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC lifted its holdings in FRP by 6.2% in the fourth quarter. SG Americas Securities LLC now owns 7,337 shares of the financial services provider's stock valued at $167,000 after buying an additional 427 shares during the period. Russell Investments Group Ltd. grew its holdings in FRP by 42.5% during the 4th 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. Legal & General Group Plc grew its holdings in FRP by 4.6% during the 2nd quarter. Legal & General Group Plc now owns 11,715 shares of the financial services provider's stock worth $315,000 after acquiring an additional 510 shares during the period. BNP Paribas Financial Markets raised its position in shares of FRP by 30.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider's stock valued at $60,000 after acquiring an additional 511 shares during the last quarter. Finally, Intrepid Capital Management Inc. raised its position in shares of FRP by 0.3% during the 3rd quarter. Intrepid Capital Management Inc. now owns 176,510 shares of the financial services provider's stock valued at $4,300,000 after acquiring an additional 570 shares during the last quarter. Institutional investors and hedge funds own 45.42% of the company's stock.
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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