LB Partners LLC Sells 67,100 Shares of FRP Holdings, Inc. $FRPH

LB Partners LLC reduced its holdings in shares of FRP Holdings, Inc. (NASDAQ:FRPH) by 87.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,582 shares of the financial services provider’s stock after selling 67,100 shares during the quarter. LB Partners LLC’s holdings in FRP were worth $210,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Signaturefd LLC raised its holdings in shares of FRP by 297.9% in the 4th quarter. Signaturefd LLC now owns 1,154 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 864 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in FRP by 42.5% during the 4th quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 484 shares during the last quarter. Focus Partners Wealth acquired a new position in FRP during the 3rd quarter valued at about $42,000. CWM LLC increased its holdings in FRP by 63.7% during the 4th quarter. CWM LLC now owns 2,488 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 968 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of FRP by 30.0% in the second quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 511 shares during the last quarter. 45.42% of the stock is owned by institutional investors.

FRP Trading Up 0.7%

Shares of FRPH opened at $25.16 on Thursday. The stock has a 50 day moving average of $22.92 and a 200 day moving average of $23.00. The company has a market capitalization of $482.32 million, a price-to-earnings ratio of 629.16 and a beta of 0.52. FRP Holdings, Inc. has a 12 month low of $20.53 and a 12 month high of $27.50.

FRP (NASDAQ:FRPH) last posted its quarterly earnings data on Tuesday, May 12th. The financial services provider reported ($0.04) earnings per share for the quarter. The business had revenue of $10.59 million during the quarter. FRP had a return on equity of 0.29% and a net margin of 2.16%.

Analysts Set New Price Targets

Several brokerages recently issued reports on FRPH. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FRP in a research report on Friday, March 27th. Wall Street Zen upgraded FRP from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

About FRP

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.