FRP (NASDAQ:FRPH) Issues Quarterly Earnings Results

FRP (NASDAQ:FRPH) announced its quarterly earnings results on Tuesday. The financial services provider reported ($0.04) earnings per share for the quarter, FiscalAI reports. FRP had a net margin of 7.77% and a return on equity of 0.81%. The firm had revenue of $10.59 million for the quarter.

FRP Trading Up 1.2%

Shares of NASDAQ FRPH opened at $22.44 on Wednesday. The firm has a 50 day moving average of $22.07 and a 200 day moving average of $23.01. The firm has a market capitalization of $430.17 million, a price-to-earnings ratio of 132.00 and a beta of 0.49. FRP has a 12-month low of $20.53 and a 12-month high of $28.35.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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, According to MarketBeat.com, the stock has an average rating of “Sell”.

Insiders Place Their Bets

In other news, Director John D. Baker II purchased 478,468 shares of the stock in a transaction on Monday, March 23rd. The shares were acquired at an average price of $20.90 per share, with a total value 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 $63,750,078.70. This trade represents a 18.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 24.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FRP

Institutional investors and hedge funds have recently modified their holdings of the stock. Teton Advisors LLC bought a new stake in shares of FRP during the third quarter valued at approximately $853,000. CWM LLC increased its position in 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 purchasing an additional 968 shares during the last quarter. HB Wealth Management LLC increased its position in FRP by 16.8% in the fourth quarter. HB Wealth Management LLC now owns 81,092 shares of the financial services provider’s stock worth $1,848,000 after purchasing an additional 11,692 shares during the last quarter. SG Americas Securities LLC increased its position in FRP by 6.2% in the fourth quarter. SG Americas Securities LLC now owns 7,337 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 427 shares during the last quarter. Finally, Signaturefd LLC increased its position in FRP by 297.9% in the fourth quarter. Signaturefd LLC now owns 1,154 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 864 shares during the last quarter. Institutional investors 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.