Insider Selling: FRP (NASDAQ:FRPH) COO Sells $104,399.75 in Stock

FRP Holdings, Inc. (NASDAQ:FRPH) COO David Devilliers III sold 4,589 shares of FRP stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $22.75, for a total value of $104,399.75. Following the completion of the transaction, the chief operating officer owned 51,570 shares in the company, valued at $1,173,217.50. The trade was a 8.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

FRP Stock Up 0.3%

Shares of NASDAQ FRPH opened at $23.20 on Thursday. FRP Holdings, Inc. has a 12 month low of $21.68 and a 12 month high of $31.99. The company has a market cap of $443.58 million, a price-to-earnings ratio of 96.67 and a beta of 0.57. The business has a fifty day simple moving average of $23.19 and a 200-day simple moving average of $24.85.

FRP (NASDAQ:FRPH) last posted its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter. FRP had a return on equity of 1.00% and a net margin of 10.90%.The firm had revenue of $10.78 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its stake in shares of FRP by 4.6% during the 2nd quarter. Legal & General Group Plc now owns 11,715 shares of the financial services provider’s stock valued at $315,000 after buying an additional 510 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of FRP by 30.0% during the second quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 511 shares in the last quarter. Intrepid Capital Management Inc. boosted its position in FRP by 0.3% during the third quarter. Intrepid Capital Management Inc. now owns 176,510 shares of the financial services provider’s stock valued at $4,300,000 after purchasing an additional 570 shares during the last quarter. CWM LLC boosted its position in FRP by 86.0% during the third quarter. CWM LLC now owns 1,520 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 703 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in FRP by 9.4% in the third quarter. Alliancebernstein L.P. now owns 12,790 shares of the financial services provider’s stock valued at $312,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 45.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wall Street Zen lowered shares of FRP from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FRP in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

About FRP

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.