UBS Group AG raised its stake in FRP Holdings, Inc. (NASDAQ:FRPH – Free Report) by 2,000.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 143,499 shares of the financial services provider’s stock after acquiring an additional 136,667 shares during the period. UBS Group AG’s holdings in FRP were worth $3,270,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC grew its position in shares of FRP by 297.9% in the 4th quarter. Signaturefd LLC now owns 1,154 shares of the financial services provider’s stock valued at $26,000 after buying an additional 864 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of FRP in the 3rd quarter valued at about $42,000. BNP Paribas Financial Markets grew its position 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 buying an additional 511 shares during the last quarter. CWM LLC grew its position in shares of FRP by 63.7% in the 4th quarter. CWM LLC now owns 2,488 shares of the financial services provider’s stock valued at $57,000 after buying an additional 968 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of FRP in the 1st quarter valued at about $74,000. Institutional investors own 45.42% of the company’s stock.
Insiders Place Their Bets
In other news, Director John D. Baker II purchased 478,468 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average cost of $20.90 per share, with a total value of $9,999,981.20. Following the purchase, the director owned 3,050,243 shares in the company, valued at $63,750,078.70. This represents a 18.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 24.00% of the company’s stock.
FRP Price Performance
FRP (NASDAQ:FRPH – Get Free Report) last announced its earnings results on Tuesday, May 12th. The financial services provider reported ($0.04) EPS for the quarter. FRP had a net margin of 2.16% and a return on equity of 0.29%. The business had revenue of $10.59 million for the quarter.
Analyst Ratings Changes
FRPH has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of FRP in a research report on Friday, March 27th. Wall Street Zen upgraded FRP from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, FRP presently has an average rating of “Sell”.
View Our Latest Report on FRPH
FRP Company Profile
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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