FRP (NASDAQ:FRPH) Issues Earnings Results

FRP (NASDAQ:FRPH) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.03 EPS for the quarter, Zacks reports. The company had revenue of $10.78 million during the quarter. FRP had a return on equity of 1.15% and a net margin of 12.59%.

FRP Price Performance

Shares of NASDAQ:FRPH traded up $0.39 during trading hours on Friday, hitting $23.29. 108,627 shares of the company’s stock traded hands, compared to its average volume of 47,407. The firm has a market capitalization of $445.05 million, a P/E ratio of 83.18 and a beta of 0.62. The business has a fifty day moving average price of $24.60 and a 200-day moving average price of $26.05. FRP has a 1 year low of $21.68 and a 1 year high of $33.00.

Hedge Funds Weigh In On FRP

Several hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in shares of FRP by 21.3% during the third quarter. JPMorgan Chase & Co. now owns 40,922 shares of the financial services provider’s stock worth $997,000 after purchasing an additional 7,190 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in FRP by 517.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,606 shares of the financial services provider’s stock valued at $70,000 after buying an additional 2,184 shares during the period. BNP Paribas Financial Markets grew its stake in FRP by 30.0% in 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. Jane Street Group LLC purchased a new position in shares of FRP during the second quarter worth approximately $363,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of FRP during the second quarter worth approximately $345,000. Institutional investors own 45.42% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of FRP in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

About FRP

FRP Holdings, Inc engages in the real estate business in the United States. It operates through four segments: Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily. The Industrial and Commercial segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment leases and manages mining royalties owned by the company primarily in Florida, Georgia, and Virginia.