FRP (NASDAQ:FRPH) Cut to “Hold” at 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 on Thursday.

FRP Trading Up 1.8 %

NASDAQ FRPH opened at $31.13 on Thursday. The firm has a market capitalization of $592.40 million, a PE ratio of 78.81 and a beta of 0.47. The business’s 50-day moving average price is $29.59 and its two-hundred day moving average price is $29.55. FRP has a 12 month low of $26.75 and a 12 month high of $32.50.

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

Insider Activity

In other news, COO David H. Devilliers III sold 1,725 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $29.62, for a total value 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 $1,431,504.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other FRP news, President David H. Devilliers, Jr. sold 2,280 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $29.53, for a total transaction of $67,328.40. Following the completion of the sale, the president now owns 51,003 shares in the company, valued at approximately $1,506,118.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO David H. Devilliers III sold 1,725 shares of the firm’s stock in a transaction on 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 transaction, the chief operating officer now directly owns 48,329 shares in the company, valued at $1,431,504.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,589 shares of company stock worth $497,079. Company insiders own 22.20% of the company’s stock.

Institutional Investors Weigh In On FRP

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

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.