FRP (NASDAQ:FRPH) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

FRP Holdings, Inc. (NASDAQ:FRPH)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.78 and traded as high as $32.27. FRP shares last traded at $31.95, with a volume of 14,743 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of FRP from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

FRP Stock Down 1.8 %

The firm has a 50-day moving average price of $30.74 and a 200 day moving average price of $29.78. The firm has a market capitalization of $597.35 million, a PE ratio of 78.48 and a beta of 0.50.

Insider Activity at FRP

In related news, Director Martin E. Stein, Jr. sold 1,029 shares of FRP stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $33.00, for a total value of $33,957.00. Following the completion of the transaction, the director now owns 138,399 shares in the company, valued at $4,567,167. The trade was a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David H. Devilliers III sold 1,725 shares of FRP stock in a transaction on Monday, September 16th. The stock was sold at an average price of $29.30, for a total transaction of $50,542.50. Following the sale, the chief operating officer now directly owns 44,879 shares of the company’s stock, valued at approximately $1,314,954.70. This trade represents a 3.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,566 shares of company stock worth $390,514 in the last three months. 22.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FRPH. Hyman Charles D lifted its stake in FRP by 100.0% in the second quarter. Hyman Charles D now owns 1,937,268 shares of the financial services provider’s stock valued at $55,251,000 after buying an additional 968,822 shares during the last quarter. Dimensional Fund Advisors LP raised its position in FRP by 101.9% in 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 purchasing an additional 553,265 shares during the last quarter. LB Partners LLC boosted its stake in FRP by 100.0% during the 2nd quarter. LB Partners LLC now owns 125,802 shares of the financial services provider’s stock worth $3,588,000 after purchasing an additional 62,901 shares during the period. Oppenheimer & Close LLC boosted its stake in FRP by 100.0% during the 2nd quarter. Oppenheimer & Close LLC now owns 93,368 shares of the financial services provider’s stock worth $2,663,000 after purchasing an additional 46,684 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 purchasing an additional 37,444 shares during the last quarter. Institutional investors and hedge funds own 45.42% of the company’s stock.

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.