FRP (NASDAQ:FRPH) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, BidAskClub reports.

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%.

In other news, CEO John D. Baker II purchased 3,700 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average cost of $40.59 per share, with a total value of $150,183.00. Following the acquisition, the chief executive officer now directly owns 18,480 shares in the company, valued at $750,103.20. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John D. Baker III purchased 3,400 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was purchased at an average cost of $40.61 per share, with a total value of $138,074.00. Following the completion of the acquisition, the chief financial officer now owns 7,180 shares in the company, valued at $291,579.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 1,044 shares of company stock valued at $43,302. 19.60% of the stock is owned by insiders.

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.

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