Key Points
- FRP CEO John Baker III bought 4,172 shares at $18.80 each for about $78,434, increasing his stake by 1.37% to 308,854 shares.
- FRP shares opened at $18.45, below their 50-day and 200-day moving averages; the stock’s 52-week range is $17.29–$25.74.
- The company reported quarterly revenue of $10.96 million and a loss of $0.01 per share. Analyst coverage cited in the article carries an average Sell rating.
FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) CEO John Baker III bought 4,172 shares of the business's stock in a transaction on Wednesday, November 11th. The stock was purchased at an average cost of $18.80 per share, for a total transaction of $78,433.60. Following the transaction, the chief executive officer owned 308,854 shares of the company's stock, valued at $5,806,455.20. This trade represents a 1.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
FRP Stock Down 2.4%
NASDAQ:FRPH opened at $18.45 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.47. The stock's fifty day moving average is $20.13 and its two-hundred day moving average is $22.22. FRP Holdings, Inc. has a 52 week low of $17.29 and a 52 week high of $25.74. The stock has a market capitalization of $354.24 million, a price-to-earnings ratio of -461.25 and a beta of 0.54.
FRP (NASDAQ:FRPH - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The financial services provider reported ($0.01) EPS for the quarter. FRP had a negative return on equity of 0.07% and a negative net margin of 1.68%. The firm had revenue of $10.96 million for the quarter.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on FRPH. Wall Street Zen lowered FRP from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of FRP in a research report on Monday, October 12th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of "Sell".
View Our Latest Stock Analysis on FRP
Institutional Investors Weigh In On FRP
A number of hedge funds have recently added to or reduced their stakes in FRPH. Oppenheimer & Close LLC boosted its position in FRP by 56.4% in the 3rd quarter. Oppenheimer & Close LLC now owns 213,406 shares of the financial services provider's stock valued at $4,441,000 after buying an additional 76,959 shares during the period. HB Wealth Management LLC increased its position in shares of FRP by 0.8% during the second quarter. HB Wealth Management LLC now owns 84,751 shares of the financial services provider's stock worth $2,118,000 after acquiring an additional 633 shares during the period. Quantinno Capital Management LP increased its position in shares of FRP by 13.5% during the first quarter. Quantinno Capital Management LP now owns 80,364 shares of the financial services provider's stock worth $1,758,000 after acquiring an additional 9,560 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of FRP during the second quarter worth $1,082,000. Finally, Bank of America Corp DE raised its stake in shares of FRP by 36.8% in the first quarter. Bank of America Corp DE now owns 21,982 shares of the financial services provider's stock valued at $481,000 after acquiring an additional 5,910 shares in the last quarter. 45.42% of the stock is currently owned by institutional investors and hedge funds.
FRP Company Profile
(
Get Free Report)
FRP Holdings, Inc. is a real estate company that acquires, develops, owns and manages commercial and residential properties. Its portfolio includes industrial and commercial properties, multifamily communities, and land held for development. The company also holds mining royalty interests, earning income from land used by mining operators. These activities reflect FRP's roots as Florida Rock Properties, the name under which the company previously operated. FRP serves markets primarily in the eastern United States, with real estate and development activities across several regions.
Further Reading
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