Royce & Associates LP Sells 72,330 Shares of FRP Holdings, Inc. $FRPH

Royce & Associates LP trimmed its position in FRP Holdings, Inc. (NASDAQ:FRPH) by 20.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281,499 shares of the financial services provider’s stock after selling 72,330 shares during the period. Royce & Associates LP owned approximately 1.47% of FRP worth $6,415,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC increased its position in FRP by 297.9% in the 4th quarter. Signaturefd LLC now owns 1,154 shares of the financial services provider’s stock valued at $26,000 after buying an additional 864 shares in the last quarter. Focus Partners Wealth bought a new stake in FRP in the 3rd quarter valued at about $42,000. BNP Paribas Financial Markets increased its position 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 buying an additional 511 shares in the last quarter. CWM LLC increased its position in FRP by 63.7% in the 4th quarter. CWM LLC now owns 2,488 shares of the financial services provider’s stock valued at $57,000 after buying an additional 968 shares in the last quarter. Finally, Strs Ohio bought a new stake in FRP in the 1st quarter valued at about $74,000. 45.42% of the stock is owned by institutional investors.

FRP Stock Performance

Shares of FRPH opened at $23.40 on Friday. The stock has a 50 day moving average price of $21.90 and a two-hundred day moving average price of $22.90. The firm has a market capitalization of $448.58 million, a P/E ratio of 585.15 and a beta of 0.49. FRP Holdings, Inc. has a 52 week low of $20.53 and a 52 week high of $27.98.

FRP (NASDAQ:FRPH) last issued its quarterly earnings data on Tuesday, May 12th. The financial services provider reported ($0.04) EPS for the quarter. The company had revenue of $10.59 million for the quarter. FRP had a return on equity of 0.29% and a net margin of 2.16%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FRPH shares. Wall Street Zen raised FRP from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FRP in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, FRP has a consensus rating of “Sell”.

Insider Buying and Selling

In related news, Director John D. Baker II acquired 478,468 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was purchased 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 of the company’s stock, valued at approximately $63,750,078.70. This trade represents a 18.60% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 24.00% of the company’s stock.

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.