FRP (NASDAQ:FRPH) Director John Baker II Acquires 478,468 Shares

FRP Holdings, Inc. (NASDAQ:FRPH) Director John Baker II purchased 478,468 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was acquired at an average cost of $20.90 per share, with a total value of $9,999,981.20. Following the acquisition, the director owned 3,050,243 shares in the company, valued at $63,750,078.70. The trade was a 18.60% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

FRP Stock Performance

Shares of FRP stock opened at $20.72 on Thursday. The stock has a 50 day moving average price of $23.37 and a 200-day moving average price of $23.66. FRP Holdings, Inc. has a one year low of $20.53 and a one year high of $29.69. The stock has a market cap of $396.17 million, a price-to-earnings ratio of 86.33 and a beta of 0.55.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FRPH. Goldman Sachs Group Inc. raised its holdings in shares of FRP by 59.6% in the first quarter. Goldman Sachs Group Inc. now owns 120,192 shares of the financial services provider’s stock worth $3,434,000 after buying an additional 44,874 shares during the period. Strs Ohio bought a new stake in shares of FRP during the 1st quarter worth approximately $74,000. Creative Planning purchased a new position in FRP during the 2nd quarter valued at $1,602,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in FRP in the 2nd quarter valued at $286,000. Finally, Legal & General Group Plc grew its position in FRP by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 11,715 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 45.42% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of FRP in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently 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.