BidaskClub downgraded shares of FRP Holdings, Inc. (NASDAQ:FRPH) from a hold rating to a sell rating in a report released on Thursday.

Shares of FRP Holdings (NASDAQ:FRPH) traded down 0.12% during trading on Thursday, hitting $43.05. The stock had a trading volume of 18,317 shares. The company has a market capitalization of $430.59 million, a PE ratio of 58.57 and a beta of 0.55. FRP Holdings has a 52 week low of $28.90 and a 52 week high of $49.35. The firm has a 50-day moving average price of $45.55 and a 200 day moving average price of $42.59.

FRP Holdings (NASDAQ:FRPH) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. FRP Holdings had a return on equity of 3.40% and a net margin of 17.90%. The company had revenue of $9.36 million during the quarter. Equities analysts anticipate that FRP Holdings will post $0.77 earnings per share for the current year.

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In other FRP Holdings news, VP John D. Milton, Jr. sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $44.59, for a total transaction of $133,770.00. Following the completion of the transaction, the vice president now owns 3,000 shares of the company’s stock, valued at approximately $133,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John D. Klopfenstein sold 3,194 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $46.19, for a total value of $147,530.86. Following the transaction, the insider now directly owns 1,734 shares of the company’s stock, valued at approximately $80,093.46. The disclosure for this sale can be found here. Insiders have sold a total of 10,194 shares of company stock valued at $454,661 in the last ninety days. 23.34% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRPH. Royce & Associates LP raised its position in FRP Holdings by 4.7% in the second quarter. Royce & Associates LP now owns 756,249 shares of the financial services provider’s stock worth $34,901,000 after buying an additional 33,900 shares during the last quarter. Dimensional Fund Advisors LP raised its position in FRP Holdings by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 382,510 shares of the financial services provider’s stock worth $17,653,000 after buying an additional 1,322 shares during the last quarter. Vanguard Group Inc. raised its position in FRP Holdings by 3.0% in the second quarter. Vanguard Group Inc. now owns 222,766 shares of the financial services provider’s stock worth $10,280,000 after buying an additional 6,435 shares during the last quarter. State Street Corp raised its position in FRP Holdings by 7.1% in the second quarter. State Street Corp now owns 115,839 shares of the financial services provider’s stock worth $5,349,000 after buying an additional 7,703 shares during the last quarter. Finally, Northern Trust Corp raised its position in FRP Holdings by 7.8% in the second quarter. Northern Trust Corp now owns 80,532 shares of the financial services provider’s stock worth $3,717,000 after buying an additional 5,846 shares during the last quarter. 45.19% of the stock is owned by institutional investors and hedge funds.

About FRP Holdings

FRP Holdings, Inc is a holding company engaged in various real estate businesses. The Company conducts its business through its subsidiaries, FRP Maryland, Inc, FRP Development Corp. and Florida Rock Properties, Inc The segments of the Company include leasing and management of warehouse and office building owned by the Company (the Asset Management Segment), leasing and management of mining royalty land owned by the Company (the Mining Royalty Lands Segment) and real property acquisition, entitlement, development and construction primarily for warehouse and office buildings (the Land Development and Construction Segment).

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