John Baker III Acquires 6,800 Shares of FRP (NASDAQ:FRPH) Stock

FRP Holdings, Inc. (NASDAQ:FRPH) CEO John Baker III bought 6,800 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average price of $21.91 per share, for a total transaction of $148,988.00. Following the acquisition, the chief executive officer directly owned 303,591 shares in the company, valued at $6,651,678.81. The trade was a 2.29% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

FRP Stock Performance

FRPH stock opened at $22.16 on Thursday. The company has a market capitalization of $425.47 million, a P/E ratio of 1,106.00 and a beta of 0.51. FRP Holdings, Inc. has a 52-week low of $20.53 and a 52-week high of $26.99. The business has a 50-day simple moving average of $23.68 and a two-hundred day simple moving average of $23.03.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On FRP

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC increased its position in shares of FRP by 297.9% during the fourth quarter. Signaturefd LLC now owns 1,154 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 864 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in FRP by 42.5% during the fourth quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 484 shares during the period. Focus Partners Wealth purchased a new position in FRP in the third quarter worth $42,000. CWM LLC boosted its position in FRP by 63.7% in the fourth quarter. CWM LLC now owns 2,488 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 968 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in FRP by 30.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 511 shares during the period. Hedge funds and other institutional investors own 45.42% of the company’s stock.

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.