FRP (NASDAQ:FRPH) Rating Lowered to Sell at Wall Street Zen

FRP (NASDAQ:FRPH) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of FRP in a report on Tuesday, July 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, FRP currently has a consensus rating of “Sell”.

FRP Price Performance

FRPH opened at $21.92 on Friday. The stock has a market cap of $420.86 million, a price-to-earnings ratio of 1,096.00 and a beta of 0.51. FRP has a twelve month low of $20.53 and a twelve month high of $26.99. The company’s 50-day moving average price is $23.75 and its two-hundred day moving average price is $23.06.

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

Hedge Funds Weigh In On FRP

Large investors have recently made changes to their positions in the stock. Signaturefd LLC raised its stake in shares of FRP by 297.9% during the 4th quarter. Signaturefd LLC now owns 1,154 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 864 shares during the period. Russell Investments Group Ltd. increased its position in shares of FRP by 42.5% during 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 during the period. Focus Partners Wealth bought a new stake in shares of FRP during the third quarter valued at about $42,000. 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 buying an additional 968 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position 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 valued at $60,000 after acquiring an additional 511 shares during the period. 45.42% of the stock is owned by institutional investors.

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.