FRP (NASDAQ:FRPH) Downgraded by StockNews.com

StockNews.com downgraded shares of FRP (NASDAQ:FRPH) from a buy rating to a hold rating in a research note released on Tuesday morning.

FRP Stock Down 1.1 %

NASDAQ FRPH opened at $30.36 on Tuesday. FRP has a 12-month low of $26.23 and a 12-month high of $32.50. The company has a market capitalization of $576.84 million, a PE ratio of 110.40 and a beta of 0.57. The firm’s 50 day moving average is $30.13 and its 200-day moving average is $29.55.

FRP (NASDAQ:FRPH) last posted its quarterly earnings data on Wednesday, March 6th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter. FRP had a net margin of 12.77% and a return on equity of 1.19%. The company had revenue of $10.11 million for the quarter.

Hedge Funds Weigh In On FRP

Several institutional investors and hedge funds have recently modified their holdings of the stock. Intrepid Capital Management Inc. increased its holdings in shares of FRP by 0.3% in the fourth quarter. Intrepid Capital Management Inc. now owns 99,731 shares of the financial services provider’s stock valued at $6,271,000 after purchasing an additional 336 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of FRP by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 534,826 shares of the financial services provider’s stock valued at $33,630,000 after purchasing an additional 10,860 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of FRP by 17,245.5% in the fourth quarter. Russell Investments Group Ltd. now owns 13,356 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 13,279 shares during the last quarter. LB Partners LLC acquired a new position in shares of FRP in the fourth quarter valued at $3,955,000. Finally, Everett Harris & Co. CA acquired a new position in shares of FRP in the fourth quarter valued at $235,000. 45.42% of the stock is currently owned by institutional investors and hedge funds.

FRP Company Profile

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.