Insider Buying: FRP (NASDAQ:FRPH) CEO Acquires $148,988.00 in Stock

FRP Holdings, Inc. (NASDAQ:FRPH) CEO John Baker III purchased 6,800 shares of the stock in a transaction dated Friday, August 7th. The shares were purchased at an average cost of $21.91 per share, for a total transaction of $148,988.00. Following the completion of the acquisition, the chief executive officer directly owned 303,591 shares in the company, valued at approximately $6,651,678.81. This trade represents a 2.29% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

FRP Stock Up 2.2%

NASDAQ:FRPH traded up $0.48 on Tuesday, hitting $22.12. The stock had a trading volume of 81,662 shares, compared to its average volume of 67,732. The stock has a market cap of $424.66 million, a price-to-earnings ratio of 1,060.00 and a beta of 0.51. The business’s 50-day simple moving average is $23.72 and its two-hundred day simple moving average is $23.05. FRP Holdings, Inc. has a 52-week low of $20.53 and a 52-week high of $26.99.

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

Institutional Trading of FRP

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC lifted 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 buying an additional 864 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of FRP by 42.5% in the fourth quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 484 shares during the period. Focus Partners Wealth bought a new stake in FRP during the 3rd quarter valued at approximately $42,000. BNP Paribas Financial Markets lifted its holdings in FRP by 30.0% in the 2nd 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 in the last quarter. Finally, CWM LLC boosted its stake in FRP by 63.7% in 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 during the period. 45.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FRPH has been the topic of several analyst reports. Wall Street Zen downgraded shares of FRP from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d)” rating on shares of FRP in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, FRP 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.