FRP (NASDAQ:FRPH) Announces Quarterly Earnings Results

FRP (NASDAQ:FRPH) announced its earnings results on Tuesday. The financial services provider reported ($0.01) earnings per share for the quarter, Zacks reports. FRP had a net margin of 2.16% and a return on equity of 0.29%.

FRP Stock Performance

FRPH stock traded down $0.10 during trading on Tuesday, reaching $22.46. The company had a trading volume of 107,166 shares, compared to its average volume of 65,397. The company has a market cap of $430.56 million, a price-to-earnings ratio of 561.64 and a beta of 0.51. FRP has a twelve month low of $20.53 and a twelve month high of $26.99. The firm has a 50-day simple moving average of $23.84 and a 200-day simple moving average of $23.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FRPH. Marshall Wace LLP acquired a new position in shares of FRP in the 4th quarter valued at about $1,405,000. Goldman Sachs Group Inc. grew its holdings in FRP by 59.6% during the first quarter. Goldman Sachs Group Inc. now owns 120,192 shares of the financial services provider’s stock worth $3,434,000 after acquiring an additional 44,874 shares during the period. Jane Street Group LLC raised its position in FRP by 64.0% during the fourth quarter. Jane Street Group LLC now owns 57,128 shares of the financial services provider’s stock valued at $1,302,000 after acquiring an additional 22,293 shares in the last quarter. Renaissance Technologies LLC grew its stake in FRP by 23.7% in the 4th quarter. Renaissance Technologies LLC now owns 99,548 shares of the financial services provider’s stock valued at $2,269,000 after acquiring an additional 19,048 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in FRP by 136.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 30,416 shares of the financial services provider’s stock worth $741,000 after acquiring an additional 17,574 shares in the last quarter. Hedge funds and other institutional investors own 45.42% of the company’s stock.

Analyst Ratings Changes

FRPH has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of FRP in a report on Tuesday, July 14th. Wall Street Zen upgraded FRP from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average 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.