FRP (NASDAQ:FRPH) Director Buys $9,999,981.20 in Stock

FRP Holdings, Inc. (NASDAQ:FRPH) Director John Baker II acquired 478,468 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were bought at an average cost of $20.90 per share, with a total value of $9,999,981.20. Following the completion of the acquisition, the director directly owned 3,050,243 shares in the company, valued at approximately $63,750,078.70. This represents a 18.60% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

FRP Stock Down 1.2%

NASDAQ FRPH traded down $0.25 on Wednesday, reaching $20.72. The company had a trading volume of 70,798 shares, compared to its average volume of 61,179. The company’s fifty day moving average is $23.44 and its 200 day moving average is $23.68. FRP Holdings, Inc. has a 52-week low of $20.53 and a 52-week high of $29.69. The stock has a market capitalization of $396.17 million, a P/E ratio of 86.33 and a beta of 0.55.

Hedge Funds Weigh In On FRP

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. CWM LLC boosted its position in FRP by 86.0% in the third quarter. CWM LLC now owns 1,520 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 703 shares during the last quarter. Russell Investments Group Ltd. boosted its position in FRP by 42.5% in the fourth quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 484 shares during the last quarter. Focus Partners Wealth bought a new position in FRP in the 3rd quarter valued at $42,000. 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. 45.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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