ValuEngine Lowers FRP (NASDAQ:FRPH) to Sell

ValuEngine downgraded shares of FRP (NASDAQ:FRPH) from a hold rating to a sell rating in a research note published on Thursday morning, ValuEngine reports.

Separately, BidaskClub cut shares of Xencor from a sell rating to a strong sell rating in a research note on Tuesday, June 11th.

FRPH stock opened at $50.59 on Thursday. The stock has a market cap of $502.52 million, a PE ratio of 158.09 and a beta of 0.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. FRP has a one year low of $41.51 and a one year high of $67.70. The stock has a 50 day moving average price of $49.76.



FRP (NASDAQ:FRPH) last released its earnings results on Monday, May 6th. The financial services provider reported $0.16 EPS for the quarter. The firm had revenue of $5.71 million during the quarter. FRP had a net margin of 550.77% and a return on equity of 1.10%.

In other FRP news, insider John D. Milton, Jr. sold 2,500 shares of FRP stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $46.64, for a total value of $116,600.00. Following the completion of the sale, the insider now directly owns 2,500 shares of the company’s stock, valued at approximately $116,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.70% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in FRPH. Rhumbline Advisers lifted its holdings in FRP by 45.4% in the fourth quarter. Rhumbline Advisers now owns 10,162 shares of the financial services provider’s stock valued at $468,000 after acquiring an additional 3,174 shares during the period. PNC Financial Services Group Inc. increased its position in FRP by 20.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,800 shares of the financial services provider’s stock worth $82,000 after buying an additional 300 shares in the last quarter. BlackRock Inc. increased its position in FRP by 2.8% in the fourth quarter. BlackRock Inc. now owns 526,691 shares of the financial services provider’s stock worth $24,232,000 after buying an additional 14,147 shares in the last quarter. Great West Life Assurance Co. Can increased its position in FRP by 20.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 1,686 shares of the financial services provider’s stock worth $75,000 after buying an additional 283 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in FRP by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 458,931 shares of the financial services provider’s stock worth $21,116,000 after buying an additional 22,757 shares in the last quarter. 48.45% of the stock is owned by hedge funds and other institutional investors.

FRP Company Profile

FRP Holdings, Inc, through its subsidiaries, engages in various real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture. The Asset Management segment owns, leases, and manages commercial properties.

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