FRP (NASDAQ:FRPH) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of FRP (NASDAQ:FRPH) from a buy rating to a hold rating in a research note released on Thursday.

FRP Stock Performance

NASDAQ:FRPH opened at $31.13 on Thursday. The firm has a market cap of $592.40 million, a price-to-earnings ratio of 77.83 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’s fifty day moving average is $29.59 and its two-hundred day moving average is $29.54.

FRP (NASDAQ:FRPH) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $10.48 million for the quarter. FRP had a net margin of 18.35% and a return on equity of 1.69%.

Insider Transactions at FRP

In other FRP news, COO David H. Devilliers III sold 1,725 shares of FRP stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $29.62, for a total value of $51,094.50. Following the completion of the transaction, the chief operating officer now directly owns 48,329 shares of the company’s stock, valued at $1,431,504.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, COO David H. Devilliers III sold 1,725 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $29.62, for a total transaction of $51,094.50. Following the completion of the transaction, the chief operating officer now directly owns 48,329 shares of the company’s stock, valued at approximately $1,431,504.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Martin E. Stein, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $31.00, for a total transaction of $155,000.00. Following the sale, the director now owns 144,428 shares of the company’s stock, valued at $4,477,268. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,589 shares of company stock worth $497,079 in the last 90 days. Insiders own 22.80% of the company’s stock.

Institutional Trading of FRP

Hedge funds and other institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP grew its stake in FRP by 7.1% during the 3rd quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock worth $599,000 after buying an additional 1,329 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of FRP during the third quarter worth approximately $155,000. Hsbc Holdings PLC increased its holdings 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 period. Renaissance Technologies LLC raised its position in FRP by 138.9% in the 2nd quarter. Renaissance Technologies LLC now owns 44,200 shares of the financial services provider’s stock valued at $1,261,000 after purchasing an additional 25,700 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake 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 worth $31,266,000 after purchasing an additional 553,265 shares during the period. Institutional investors and hedge funds own 45.42% of the company’s stock.

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.