FRP (NASDAQ:FRPH) Hits New 12-Month Low – Should You Sell?

FRP Holdings, Inc. (NASDAQ:FRPH)’s stock price reached a new 52-week low on Monday . The company traded as low as $26.50 and last traded at $27.05, with a volume of 60610 shares changing hands. The stock had previously closed at $27.94.

FRP Trading Down 3.2 %

The stock has a market cap of $516.30 million, a PE ratio of 67.63 and a beta of 0.53. The business’s 50-day moving average price is $29.87 and its 200-day moving average price is $30.21.

FRP (NASDAQ:FRPH) last released its quarterly earnings results on Wednesday, March 5th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. FRP had a net margin of 18.35% and a return on equity of 1.67%. The business had revenue of $10.53 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FRPH. R Squared Ltd purchased a new stake in shares of FRP during the fourth quarter worth about $65,000. KLP Kapitalforvaltning AS acquired a new stake in FRP in the 4th quarter worth approximately $104,000. GAMMA Investing LLC grew its position in FRP by 4,597.0% during the 1st quarter. GAMMA Investing LLC now owns 6,200 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 6,068 shares during the last quarter. Deutsche Bank AG increased its stake in FRP by 22.4% during the 4th quarter. Deutsche Bank AG now owns 7,699 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 1,409 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of FRP by 25.4% in the fourth quarter. Wells Fargo & Company MN now owns 8,423 shares of the financial services provider’s stock worth $258,000 after buying an additional 1,704 shares during the last quarter. 45.42% of the stock is owned by institutional investors and hedge funds.

About FRP

FRP Holdings, Inc engages in the real estate business in the United States. It operates through four segments: Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily. The Industrial and Commercial segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment leases and manages mining royalties owned by the company primarily in Florida, Georgia, and Virginia.