FRP (NASDAQ:FRPH) Raised to Hold at Wall Street Zen

FRP (NASDAQ:FRPH – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of FRP in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, FRP has a consensus rating of “Sell”.

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FRP Stock Performance

FRP stock traded down $0.19 during midday trading on Friday, reaching $23.98. 25,448 shares of the company were exchanged, compared to its average volume of 60,807. The firm’s 50-day simple moving average is $23.37 and its 200-day simple moving average is $23.08. FRP has a 1 year low of $20.53 and a 1 year high of $27.50. The company has a market capitalization of $459.70 million, a price-to-earnings ratio of 599.65 and a beta of 0.51.

FRP (NASDAQ:FRPH – Get Free Report) last released its earnings results on Tuesday, May 12th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter. FRP had a net margin of 2.16% and a return on equity of 0.29%. The firm had revenue of $10.59 million during the quarter.

Hedge Funds Weigh In On FRP

Several large investors have recently added to or reduced their stakes in FRPH. Signaturefd LLC grew its holdings in 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 period. Russell Investments Group Ltd. lifted its holdings in shares of 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. Focus Partners Wealth purchased a new position in shares of FRP during the 3rd quarter worth about $42,000. BNP Paribas Financial Markets boosted its position in shares of FRP by 30.0% in the second 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 during the last quarter. Finally, CWM LLC boosted its position in shares of FRP by 63.7% in the fourth quarter. CWM LLC now owns 2,488 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 968 shares during the last quarter. 45.42% of the stock is currently owned by hedge funds and other 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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