Key Points
- FRP Holdings Director John Baker II bought 8,189 shares at an average price of $21.97, investing $179,912.33 and increasing his direct ownership to 3.06 million shares.
- FRPH opened at $22.01, near the lower end of its 52-week range of $20.53 to $26.49. The company reported quarterly revenue of $11.08 million and a loss of $0.01 per share.
- Analyst sentiment remains negative: Wall Street Zen and Weiss Ratings rate the stock “Sell,” while institutional investors and hedge funds own 45.42% of FRPH.
FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) Director John Baker II bought 957 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average cost of $21.97 per share, for a total transaction of $21,025.29. Following the transaction, the director owned 3,051,200 shares in the company, valued at $67,034,864. The trade was a 0.03% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
FRP Stock Performance
Shares of FRPH opened at $22.01 on Wednesday. The firm has a fifty day simple moving average of $23.56 and a 200 day simple moving average of $22.99. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.47. FRP Holdings, Inc. has a 12 month low of $20.53 and a 12 month high of $26.49. The stock has a market capitalization of $422.59 million, a price-to-earnings ratio of 1,107.00 and a beta of 0.51.
FRP (NASDAQ:FRPH - Get Free Report) last released its earnings results on Tuesday, August 4th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter. FRP had a net margin of 0.22% and a return on equity of 0.11%. The company had revenue of $11.08 million during the quarter.
Analysts Set New Price Targets
Several brokerages have issued reports on FRPH. Weiss Ratings restated a "sell (d)" rating on shares of FRP in a research report on Tuesday, July 14th. Wall Street Zen downgraded shares of FRP from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of "Sell".
Read Our Latest Stock Analysis on FRPH
Institutional Investors Weigh In On FRP
A number of institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its stake in shares of 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 purchasing an additional 484 shares during the last quarter. Focus Partners Wealth acquired a new stake in FRP during the third quarter worth approximately $42,000. BNP Paribas Financial Markets increased its stake in shares of FRP by 30.0% in 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 in the last quarter. CWM LLC increased its stake in FRP by 63.7% in the fourth quarter. CWM LLC now owns 2,488 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 968 shares in the last quarter. Finally, Strs Ohio bought a new stake in FRP in the 1st quarter valued at about $74,000. 45.42% of the stock is owned by institutional investors.
FRP Company Profile
(
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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