StockNews.com Upgrades FRP (NASDAQ:FRPH) to Buy

FRP (NASDAQ:FRPH) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

FRP Price Performance

Shares of FRP stock opened at $29.01 on Wednesday. The business has a fifty day simple moving average of $30.14 and a two-hundred day simple moving average of $29.97. FRP has a 1 year low of $26.23 and a 1 year high of $32.50. The company has a market capitalization of $551.77 million, a price-to-earnings ratio of 93.58 and a beta of 0.56.

FRP (NASDAQ:FRPH) last issued its quarterly earnings data on Wednesday, March 6th. The financial services provider reported $0.15 earnings per share for the quarter. FRP had a net margin of 14.54% and a return on equity of 1.35%. The company had revenue of $10.11 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV bought a new stake in shares of FRP in the fourth quarter valued at about $50,000. BNP Paribas Financial Markets boosted 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 valued at $199,000 after purchasing an additional 1,317 shares during the period. Pathstone Family Office LLC acquired a new position in shares of FRP during the 3rd quarter worth approximately $228,000. Everett Harris & Co. CA bought a new position in shares of FRP during the fourth quarter worth approximately $235,000. Finally, SG Americas Securities LLC raised its position in shares of FRP by 24.6% in the fourth quarter. SG Americas Securities LLC now owns 3,759 shares of the financial services provider’s stock valued at $236,000 after buying an additional 743 shares in the last quarter. 45.42% of the stock is owned by institutional investors and hedge funds.

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.