FRP (NASDAQ:FRPH) Director John Baker II Purchases 8,189 Shares of Stock

FRP Holdings, Inc. (NASDAQ:FRPHGet Free Report) Director John Baker II bought 8,189 shares of FRP stock in a transaction dated Tuesday, August 18th. The stock was acquired at an average cost of $21.97 per share, with a total value of $179,912.33. Following the transaction, the director owned 3,059,389 shares of the company’s stock, valued at $67,214,776.33. This trade represents a 0.27% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

FRP Trading Up 0.4%

FRPH stock opened at $22.01 on Wednesday. FRP Holdings, Inc. has a 52 week low of $20.53 and a 52 week high of $26.49. The company has a market capitalization of $422.59 million, a PE ratio of 1,107.00 and a beta of 0.51. The company’s 50-day simple moving average is $23.56 and its 200 day simple moving average is $22.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.19 and a current ratio of 1.19.

FRP (NASDAQ:FRPHGet Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.01) earnings per share for the quarter. The business had revenue of $11.08 million during the quarter. FRP had a return on equity of 0.11% and a net margin of 0.22%.

Hedge Funds Weigh In On FRP

Institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its stake in FRP by 42.5% in the fourth quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock valued at $37,000 after buying an additional 484 shares in the last quarter. Focus Partners Wealth acquired a new position in FRP during the third quarter worth about $42,000. BNP Paribas Financial Markets raised its stake in FRP by 30.0% during 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 in the last quarter. CWM LLC lifted its holdings 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. Finally, Strs Ohio bought a new position in shares of FRP in the first quarter worth about $74,000. Institutional investors and hedge funds own 45.42% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen downgraded FRP from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of FRP in a research note on Tuesday, July 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Check Out Our Latest Research Report on FRPH

About FRP

(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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