FRP (NASDAQ:FRPH) CEO Acquires $148,988.00 in Stock

FRP Holdings, Inc. (NASDAQ:FRPH) CEO John Baker III acquired 6,800 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $21.91 per share, with a total value of $148,988.00. Following the purchase, the chief executive officer directly owned 303,591 shares in the company, valued at approximately $6,651,678.81. This trade represents a 2.29% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

FRP Stock Performance

Shares of FRP stock opened at $22.14 on Friday. The business has a 50-day simple moving average of $23.65 and a 200-day simple moving average of $23.02. FRP Holdings, Inc. has a one year low of $20.53 and a one year high of $26.99. The company has a market cap of $425.09 million, a PE ratio of 1,108.00 and a beta of 0.51.

FRP (NASDAQ:FRPH) last issued 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 firm had revenue of $11.08 million during the quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FRPH shares. Wall Street Zen downgraded shares of FRP from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FRP in a report on Tuesday, July 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FRPH. SG Americas Securities LLC grew its position in shares of FRP by 6.2% in the 4th quarter. SG Americas Securities LLC now owns 7,337 shares of the financial services provider’s stock valued at $167,000 after buying an additional 427 shares during the last quarter. Russell Investments Group Ltd. lifted 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 valued at $37,000 after acquiring an additional 484 shares during the last quarter. Legal & General Group Plc boosted its stake in FRP by 4.6% in the second 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 in the last quarter. BNP Paribas Financial Markets boosted its stake in FRP by 30.0% in the second quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 511 shares in the last quarter. Finally, Intrepid Capital Management Inc. grew its holdings in shares of FRP by 0.3% during the third quarter. Intrepid Capital Management Inc. now owns 176,510 shares of the financial services provider’s stock worth $4,300,000 after purchasing an additional 570 shares during the last quarter. Institutional investors and hedge funds 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.