FRP (NASDAQ:FRPH) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of FRP (NASDAQ:FRPH) from a hold rating to a sell rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of FRP in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, FRP currently has a consensus rating of “Sell”.

FRP Stock Performance

FRP stock opened at $23.32 on Friday. The firm has a market cap of $445.79 million, a PE ratio of 83.29 and a beta of 0.62. The firm’s 50 day moving average price is $24.36 and its two-hundred day moving average price is $25.89. FRP has a twelve month low of $21.68 and a twelve month high of $33.00.

FRP (NASDAQ:FRPH) last issued its earnings results on Wednesday, November 5th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter. FRP had a net margin of 12.59% and a return on equity of 1.15%. The company had revenue of $10.78 million during the quarter.

Institutional Trading of FRP

Several institutional investors have recently made changes to their positions in the business. CWM LLC grew its position in FRP by 86.0% during the 3rd quarter. CWM LLC now owns 1,520 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 703 shares during the last quarter. Focus Partners Wealth bought a new stake in FRP in the third quarter valued at about $42,000. BNP Paribas Financial Markets raised its position in shares of FRP by 30.0% in the 2nd 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. Strs Ohio acquired a new position in FRP during the first quarter valued at approximately $74,000. Finally, Tower Research Capital LLC TRC increased its stake in FRP by 517.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,606 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 2,184 shares in the last quarter. 45.42% of the stock is currently 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.