FRP (NASDAQ:FRPH – Get Free Report) 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 – Get Free Report) 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
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.
Read More
- Five stocks we like better than FRP
- Stock Splits, Do They Really Impact Investors?
- Is McDonald’s Stock a Smart Buy After Sell-Off and Earnings?
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- QuantumScape: Solid State EV Batteries Nearing Commercialization
- Options Trading – Understanding Strike Price
- MicroStrategy: Is This Bitcoin-Powered Stock a Buy or a Gamble?
Receive News & Ratings for FRP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FRP and related companies with MarketBeat.com's FREE daily email newsletter.