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

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

FRP Stock Performance

FRP stock opened at $29.16 on Tuesday. FRP has a fifty-two week low of $26.75 and a fifty-two week high of $32.50. The stock’s 50 day simple moving average is $29.52 and its two-hundred day simple moving average is $29.53. The stock has a market cap of $554.62 million, a price-to-earnings ratio of 94.06 and a beta of 0.47.

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

Insider Activity

In related news, President David H. Devilliers, Jr. sold 2,280 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $29.53, for a total value of $67,328.40. Following the completion of the transaction, the president now directly owns 51,003 shares in the company, valued at $1,506,118.59. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, President David H. Devilliers, Jr. sold 2,280 shares of the company’s 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 sale, the president now owns 51,003 shares in the company, valued at $1,506,118.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO David H. Devilliers III sold 1,725 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $29.30, for a total value of $50,542.50. Following the transaction, the chief operating officer now directly owns 44,879 shares of the company’s stock, valued at approximately $1,314,954.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,589 shares of company stock worth $342,079. Corporate insiders own 22.80% of the company’s stock.

Hedge Funds Weigh In On FRP

Several large investors have recently modified their holdings of FRPH. Trust Co. of Vermont increased its stake in FRP by 100.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,700 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 850 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of FRP during the third quarter valued at approximately $155,000. BNP Paribas Financial Markets grew its holdings in shares of FRP by 68.2% during the first quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock valued at $199,000 after buying an additional 1,317 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of FRP during the first quarter valued at approximately $248,000. Finally, American Century Companies Inc. purchased a new position in FRP in the 2nd quarter worth approximately $250,000. Hedge funds and other institutional investors 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.