StockNews.com Downgrades FRP (NASDAQ:FRPH) to Hold

FRP (NASDAQ:FRPH) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

FRP Price Performance

Shares of FRPH stock opened at $30.84 on Thursday. FRP has a 1-year low of $26.75 and a 1-year high of $32.50. The firm has a market cap of $586.89 million, a PE ratio of 77.10 and a beta of 0.47. The company has a 50-day moving average of $29.54 and a two-hundred day moving average of $29.53.

FRP (NASDAQ:FRPH) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.11 earnings per share for the quarter. The firm had revenue of $10.48 million during the quarter. FRP had a net margin of 18.12% and a return on equity of 1.67%.

Insider Transactions at FRP

In related news, COO David H. Devilliers III sold 1,725 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $29.30, for a total value of $50,542.50. Following the sale, the chief operating officer now owns 44,879 shares in the company, valued at approximately $1,314,954.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other FRP news, COO David H. Devilliers III sold 1,725 shares of FRP stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $29.30, for a total value of $50,542.50. Following the completion of the transaction, the chief operating officer now directly owns 44,879 shares of the company’s stock, valued at $1,314,954.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President David H. Devilliers, Jr. sold 2,280 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $29.53, for a total transaction of $67,328.40. Following the sale, the president now owns 51,003 shares in the company, valued at $1,506,118.59. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,589 shares of company stock worth $342,079 over the last ninety days. Company insiders own 22.20% of the company’s stock.

Hedge Funds Weigh In On FRP

Several institutional investors have recently modified their holdings of the business. Trust Co. of Vermont raised its stake in shares of FRP by 100.0% in the second quarter. Trust Co. of Vermont now owns 1,700 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 850 shares in the last quarter. SG Americas Securities LLC purchased a new stake in FRP during the 3rd quarter worth about $155,000. BNP Paribas Financial Markets raised its position in FRP by 68.2% in the 1st quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 1,317 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of FRP in the 1st quarter valued at about $248,000. Finally, American Century Companies Inc. acquired a new position in shares of FRP during the second quarter worth about $250,000. Institutional investors and hedge funds own 45.42% of the company’s stock.

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.