FRP (NASDAQ:FRPH) Rating Lowered to Sell at BidaskClub
Shares of FRPH stock opened at $40.62 on Friday. The company has a 50 day moving average of $41.83 and a 200-day moving average of $41.32. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.23. FRP has a 12-month low of $30.00 and a 12-month high of $54.00. The firm has a market cap of $387.84 million, a P/E ratio of 39.06 and a beta of 0.66.
FRP (NASDAQ:FRPH) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.43 EPS for the quarter. The company had revenue of $5.85 million during the quarter. FRP had a net margin of 43.85% and a return on equity of 2.62%.
A number of large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA boosted its holdings in FRP by 26.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,175 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 449 shares during the period. Fenimore Asset Management Inc. raised its position in shares of FRP by 0.3% during the 2nd quarter. Fenimore Asset Management Inc. now owns 186,336 shares of the financial services provider’s stock valued at $7,562,000 after buying an additional 475 shares in the last quarter. Royal Bank of Canada raised its position in shares of FRP by 18.3% during the 1st quarter. Royal Bank of Canada now owns 3,643 shares of the financial services provider’s stock valued at $156,000 after buying an additional 564 shares in the last quarter. Citigroup Inc. raised its position in shares of FRP by 45.8% during the 1st quarter. Citigroup Inc. now owns 2,072 shares of the financial services provider’s stock valued at $89,000 after buying an additional 651 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of FRP during the 2nd quarter valued at $31,000. 48.54% of the stock is owned by hedge funds and other institutional investors.
FRP Company Profile
FRP Holdings, Inc, through its subsidiaries, engages in various real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture. The Asset Management segment owns, leases, and manages commercial properties.
See Also: High-Yield Dividend Stocks
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.