FRP (NASDAQ:FRPH) Stock Rating Upgraded by StockNews.com

FRP (NASDAQ:FRPH) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

FRP Stock Performance

FRPH stock opened at $29.94 on Friday. FRP has a one year low of $26.75 and a one year high of $32.50. The company has a market capitalization of $569.46 million, a PE ratio of 96.58 and a beta of 0.47. The company’s 50 day moving average price is $29.33 and its two-hundred day moving average price is $29.57.

FRP (NASDAQ:FRPH) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $0.11 EPS for the quarter. FRP had a net margin of 18.12% and a return on equity of 1.67%. The company had revenue of $10.48 million for the quarter.

Insider Activity at FRP

In other FRP news, President David H. Devilliers, Jr. sold 2,280 shares of FRP stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $29.53, for a total value of $67,328.40. Following the transaction, the president now directly owns 51,003 shares of the company’s stock, valued at $1,506,118.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO David H. Devilliers III sold 1,725 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $29.62, for a total transaction of $51,094.50. Following the completion of the sale, the chief operating officer now directly owns 48,329 shares in the company, valued at approximately $1,431,504.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President David H. Devilliers, Jr. sold 2,280 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $29.53, for a total value of $67,328.40. Following the completion of the sale, the president now directly owns 51,003 shares in the company, valued at $1,506,118.59. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,589 shares of company stock worth $342,079 in the last ninety days. 22.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On FRP

Institutional investors and hedge funds have recently bought and sold shares of the business. Trust Co. of Vermont raised its holdings in shares of FRP by 100.0% during 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 position in FRP during the 3rd quarter valued at $155,000. BNP Paribas Financial Markets raised its holdings 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 worth $199,000 after purchasing an additional 1,317 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of FRP in the 1st quarter worth about $248,000. Finally, American Century Companies Inc. bought a new stake in shares of FRP during the 2nd quarter valued at about $250,000. Hedge funds and other institutional investors 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.