FRP (NASDAQ:FRPH) Issues Quarterly Earnings Results

FRP (NASDAQ:FRPHGet Rating) released its quarterly earnings data on Wednesday. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, reports. The firm had revenue of $8.71 million for the quarter. FRP had a net margin of 1.51% and a return on equity of 0.12%.

FRPH stock traded down $1.32 during mid-day trading on Friday, reaching $56.53. 10,455 shares of the stock traded hands, compared to its average volume of 10,734. FRP has a one year low of $53.30 and a one year high of $65.00. The stock has a market capitalization of $533.08 million, a PE ratio of 942.17 and a beta of 0.61. The business has a 50-day moving average price of $57.82 and a two-hundred day moving average price of $57.53.

Separately, StockNews.com assumed coverage on shares of FRP in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

In other news, President David H. Devilliers, Jr. sold 1,500 shares of the business’s stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of $56.93, for a total transaction of $85,395.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Milton, Jr. sold 833 shares of the business’s stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $57.48, for a total transaction of $47,880.84. The disclosure for this sale can be found here. Insiders own 20.80% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its stake in shares of FRP by 113.5% during the third quarter. Russell Investments Group Ltd. now owns 491 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 261 shares during the period. Trust Co. of Vermont purchased a new stake in FRP in the fourth quarter worth about $49,000. UBS Group AG lifted its stake in FRP by 148.5% in the third quarter. UBS Group AG now owns 1,553 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 928 shares during the period. BNP Paribas Arbitrage SA lifted its stake in FRP by 105.6% in the third quarter. BNP Paribas Arbitrage SA now owns 1,873 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 962 shares during the period. Finally, Citigroup Inc. lifted its stake in FRP by 367.4% in the third quarter. Citigroup Inc. now owns 2,047 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 1,609 shares during the period. 47.09% of the stock is owned by hedge funds and other institutional investors.

About FRP (Get Rating)

FRP Holdings, Inc engages in the 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. The Mining Royalty Lands segment owns various properties comprising approximately 15,000 acres under lease for mining rents or royalties primarily in Florida, Georgia, and Virginia.

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Earnings History for FRP (NASDAQ:FRPH)

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