FRP Holdings, Inc. (NASDAQ:FRPH – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.90 and traded as high as $24.09. FRP shares last traded at $23.47, with a volume of 36,553 shares traded.
Analyst Ratings Changes
FRPH has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of FRP from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “sell (d+)” rating on shares of FRP in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
FRP Price Performance
FRP (NASDAQ:FRPH – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $10.59 million during the quarter. FRP had a net margin of 2.16% and a return on equity of 0.29%.
Insider Activity
In related news, Director John D. Baker II acquired 478,468 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was acquired at an average cost of $20.90 per share, for a total transaction of $9,999,981.20. Following the completion of the acquisition, the director directly owned 3,050,243 shares of the company’s stock, valued at approximately $63,750,078.70. The trade was a 18.60% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 24.00% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in FRPH. SG Americas Securities LLC boosted its holdings in FRP by 6.2% during the fourth quarter. SG Americas Securities LLC now owns 7,337 shares of the financial services provider’s stock worth $167,000 after buying an additional 427 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in FRP by 42.5% during the fourth quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock worth $37,000 after buying an additional 484 shares in the last quarter. Legal & General Group Plc boosted its holdings in FRP by 4.6% during the second quarter. Legal & General Group Plc now owns 11,715 shares of the financial services provider’s stock worth $315,000 after buying an additional 510 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings 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 buying an additional 511 shares in the last quarter. Finally, Intrepid Capital Management Inc. boosted its holdings in FRP by 0.3% during the third quarter. Intrepid Capital Management Inc. now owns 176,510 shares of the financial services provider’s stock worth $4,300,000 after buying an additional 570 shares in the last quarter. 45.42% of the stock is currently owned by institutional investors.
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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