FRP Holdings, Inc. (NASDAQ:FRPH – Get Free Report) Director John Baker II acquired 957 shares of FRP stock in a transaction on Monday, August 17th. The shares were bought at an average price of $21.97 per share, with a total value of $21,025.29. Following the purchase, the director directly owned 3,051,200 shares in the company, valued at approximately $67,034,864. The trade was a 0.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
FRP Stock Performance
Shares of FRPH traded up $0.08 during mid-day trading on Tuesday, reaching $22.01. The company had a trading volume of 89,123 shares, compared to its average volume of 68,337. The stock has a market capitalization of $422.59 million, a P/E ratio of 1,107.00 and a beta of 0.51. FRP Holdings, Inc. has a 52-week low of $20.53 and a 52-week high of $26.49. The stock has a 50 day moving average of $23.59 and a two-hundred day moving average of $23.00. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.47.
FRP (NASDAQ:FRPH – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($0.01) earnings per share 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 for the quarter.
Analyst Ratings Changes
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Institutional Investors Weigh In On FRP
A number of institutional investors have recently added to or reduced their stakes in FRPH. Bank of New York Mellon Corp purchased a new stake in FRP in the 2nd quarter worth $1,082,000. Bank of America Corp DE lifted its holdings in FRP by 36.8% during 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 purchasing an additional 5,910 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in FRP by 13.5% during the first quarter. Quantinno Capital Management LP now owns 80,364 shares of the financial services provider’s stock valued at $1,758,000 after purchasing an additional 9,560 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of FRP by 30.7% in the first quarter. PNC Financial Services Group Inc. now owns 5,555 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 1,306 shares during the period. Finally, HB Wealth Management LLC grew its position in shares of FRP by 3.7% in the first quarter. HB Wealth Management LLC now owns 84,118 shares of the financial services provider’s stock valued at $1,841,000 after purchasing an additional 3,026 shares during the period. Institutional investors and hedge funds own 45.42% of the company’s stock.
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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