FRP (NASDAQ:FRPH) Director Buys 8,189 Shares of Stock

FRP Holdings, Inc. (NASDAQ:FRPH) Director John Baker II purchased 8,189 shares of the stock in a transaction on Tuesday, August 18th. The stock was acquired at an average price of $21.97 per share, with a total value of $179,912.33. Following the completion of the acquisition, the director directly owned 3,059,389 shares of the company’s stock, valued at approximately $67,214,776.33. This represents a 0.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

FRP Stock Up 0.4%

Shares of NASDAQ FRPH traded up $0.08 during mid-day trading on Tuesday, reaching $22.01. 89,123 shares of the company’s stock were exchanged, compared to its average volume of 68,337. FRP Holdings, Inc. has a twelve month low of $20.53 and a twelve month high of $26.49. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $422.59 million, a price-to-earnings ratio of 1,107.00 and a beta of 0.51. The business has a fifty day simple moving average of $23.59 and a 200 day simple moving average of $23.00.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FRPH shares. Wall Street Zen cut shares of FRP from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings restated a “sell (d)” rating on shares of FRP in a report on Tuesday, July 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Trading of FRP

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in FRP by 59.6% during the first quarter. Goldman Sachs Group Inc. now owns 120,192 shares of the financial services provider’s stock worth $3,434,000 after purchasing an additional 44,874 shares during the last quarter. Strs Ohio acquired a new stake in FRP in the 1st quarter valued at $74,000. Legal & General Group Plc lifted its position in FRP by 4.6% during the 2nd quarter. Legal & General Group Plc now owns 11,715 shares of the financial services provider’s stock worth $315,000 after buying an additional 510 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of FRP by 27.2% during the 2nd quarter. Franklin Resources Inc. now owns 9,499 shares of the financial services provider’s stock worth $255,000 after buying an additional 2,034 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of FRP by 21.4% during the 2nd quarter. Rhumbline Advisers now owns 23,338 shares of the financial services provider’s stock worth $628,000 after buying an additional 4,117 shares during the last quarter. 45.42% of the stock is currently owned by institutional investors and hedge funds.

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.