FRP (FRPH) Rating Lowered to Sell at BidaskClub
FRP (NASDAQ:FRPH) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday.
FRP (NASDAQ:FRPH) opened at $42.35 on Friday. FRP has a 1 year low of $35.80 and a 1 year high of $49.35. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.76 and a quick ratio of 0.76.
In related news, CFO John D. Milton, Jr. sold 1,877 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $44.00, for a total transaction of $82,588.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP John D. Milton, Jr. sold 2,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $45.73, for a total value of $91,460.00. Following the transaction, the vice president now directly owns 1,800 shares in the company, valued at $82,314. The disclosure for this sale can be found here. Insiders have sold a total of 4,500 shares of company stock worth $201,466 over the last ninety days. 23.34% of the stock is currently owned by corporate insiders.
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FRP Company Profile
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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