FRP (NASDAQ:FRPH) Rating Lowered to Hold at StockNews.com

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

FRP Price Performance

Shares of NASDAQ:FRPH traded up $0.05 during mid-day trading on Tuesday, hitting $29.46. The company had a trading volume of 16,822 shares, compared to its average volume of 21,676. The company has a market capitalization of $560.33 million, a PE ratio of 95.03 and a beta of 0.47. FRP has a one year low of $26.75 and a one year high of $32.50. The firm has a fifty day moving average price of $29.52 and a 200 day moving average price of $29.53.

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

Insider Activity

In other FRP news, President David H. Devilliers, Jr. sold 4,134 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $30.00, for a total value of $124,020.00. Following the transaction, the president now directly owns 62,755 shares in the company, valued at $1,882,650. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, President David H. Devilliers, Jr. sold 4,134 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $30.00, for a total transaction of $124,020.00. Following the sale, the president now directly owns 62,755 shares in the company, valued at approximately $1,882,650. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO David H. Devilliers III sold 1,725 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $29.62, for a total value of $51,094.50. Following the sale, the chief operating officer now owns 48,329 shares in the company, valued at approximately $1,431,504.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,589 shares of company stock valued at $342,079 over the last three months. Corporate insiders own 22.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in FRP in the third quarter worth $155,000. Hsbc Holdings PLC lifted its stake in shares of FRP by 116.2% in the 2nd quarter. Hsbc Holdings PLC now owns 9,272 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 4,983 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in FRP by 138.9% during the 2nd quarter. Renaissance Technologies LLC now owns 44,200 shares of the financial services provider’s stock valued at $1,261,000 after acquiring an additional 25,700 shares during the period. Dimensional Fund Advisors LP boosted its holdings in FRP by 101.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,096,293 shares of the financial services provider’s stock valued at $31,266,000 after acquiring an additional 553,265 shares during the period. Finally, Guardian Wealth Management Inc. grew its position in FRP by 102.0% during the 2nd quarter. Guardian Wealth Management Inc. now owns 74,145 shares of the financial services provider’s stock worth $2,115,000 after acquiring an additional 37,444 shares during the last quarter. 45.42% of the stock is currently owned by hedge funds and other institutional investors.

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.