FRP (NASDAQ:FRPH) Shares Cross Above 200 Day Moving Average – What’s Next?

FRP Holdings, Inc. (NASDAQ:FRPH) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.83 and traded as high as $30.02. FRP shares last traded at $29.49, with a volume of 17,342 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of FRP from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

FRP Trading Down 2.5 %

The stock has a market cap of $546.92 million, a price-to-earnings ratio of 71.85 and a beta of 0.50. The company has a 50 day simple moving average of $30.92 and a 200-day simple moving average of $29.83.

Insider Buying and Selling

In other FRP news, President David H. Devilliers, Jr. sold 1,281 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $31.22, for a total transaction of $39,992.82. Following the transaction, the president now owns 60,987 shares of the company’s stock, valued at $1,904,014.14. The trade was a 2.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martin E. Stein, Jr. sold 5,000 shares of FRP stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $31.00, for a total value of $155,000.00. Following the transaction, the director now owns 144,428 shares of the company’s stock, valued at $4,477,268. This represents a 3.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,841 shares of company stock worth $339,972. 22.20% of the stock is owned by insiders.

Institutional Investors Weigh In On FRP

Hedge funds have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of FRP by 0.4% during the 3rd quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock worth $8,478,000 after buying an additional 1,005 shares during the last quarter. GSA Capital Partners LLP lifted its position in FRP by 7.1% during the third quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock worth $599,000 after acquiring an additional 1,329 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of FRP by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider’s stock valued at $3,267,000 after purchasing an additional 1,845 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of FRP by 116.2% during the second quarter. Hsbc Holdings PLC now owns 9,272 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 4,983 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of FRP during the third quarter worth approximately $155,000. Institutional investors and hedge funds own 45.42% of the company’s stock.

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.