John Baker II Acquires 957 Shares of FRP (NASDAQ:FRPH) Stock

FRP Holdings, Inc. (NASDAQ:FRPH) Director John Baker II bought 957 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average price of $21.97 per share, for a total transaction of $21,025.29. Following the completion of the purchase, the director directly owned 3,051,200 shares in the company, valued at $67,034,864. The trade was a 0.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

FRP Stock Performance

Shares of FRPH opened at $22.07 on Thursday. The company has a market capitalization of $423.74 million, a PE ratio of 1,100.50 and a beta of 0.51. FRP Holdings, Inc. has a one year low of $20.53 and a one year high of $26.49. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.19 and a quick ratio of 1.19. The company’s fifty day moving average price is $23.52 and its 200 day moving average price is $22.98.

FRP (NASDAQ:FRPH) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.01) earnings per share for the quarter. The business had revenue of $11.08 million during the quarter. FRP had a net margin of 0.22% and a return on equity of 0.11%.

Institutional Investors Weigh In On FRP

Several institutional investors and hedge funds have recently bought and sold shares of FRPH. Russell Investments Group Ltd. raised its stake in shares of FRP by 42.5% in the 4th quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock valued at $37,000 after buying an additional 484 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of FRP during the 3rd quarter valued at about $42,000. CWM LLC boosted its position in shares of FRP by 63.7% during the 4th quarter. CWM LLC now owns 2,488 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 968 shares in the last quarter. BNP Paribas Financial Markets increased its stake in FRP by 30.0% in the second quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 511 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in FRP by 517.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,606 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 2,184 shares during the period. Institutional investors own 45.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FRPH. Weiss Ratings reiterated a “sell (d)” rating on shares of FRP in a research note on Tuesday, July 14th. Wall Street Zen lowered FRP from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

FRP Company Profile

FRP Holdings, Inc (NASDAQ: FRPH) is an industrial services holding company that provides asset integrity and life-extension solutions to heavy-industry clients. Through its operating subsidiaries, FRP offers a broad suite of non-destructive testing (NDT), inspection services, mechanical maintenance, protective coatings, thermal spray and surface-preparation services. These offerings help clients maintain and extend the service life of critical equipment and infrastructure across multiple sectors.

The company’s core activities include ultrasonic, radiographic and magnetic-particle testing, site-based inspections, welding and fabrication support, and specialized coating applications designed to withstand extreme environments.