FRP (NASDAQ:FRPH) Director John Baker II Purchases 957 Shares

FRP Holdings, Inc. (NASDAQ:FRPH) Director John Baker II acquired 957 shares of FRP stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average cost of $21.97 per share, with a total value of $21,025.29. Following the completion of the purchase, the director owned 3,051,200 shares in the company, valued at approximately $67,034,864. This represents a 0.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

FRP Stock Performance

FRPH stock opened at $22.01 on Wednesday. FRP Holdings, Inc. has a 52 week low of $20.53 and a 52 week high of $26.49. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $422.59 million, a P/E ratio of 1,107.00 and a beta of 0.51. The firm has a 50 day simple moving average of $23.56 and a 200 day simple moving average of $22.99.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of FRP

Large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its holdings in FRP by 42.5% during the 4th 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 last quarter. Focus Partners Wealth acquired a new stake in shares of FRP during the third quarter worth $42,000. CWM LLC increased its stake in shares of 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 acquiring an additional 968 shares during the last quarter. BNP Paribas Financial Markets increased 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 purchasing an additional 511 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in FRP by 517.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,606 shares of the financial services provider’s stock worth $70,000 after buying an additional 2,184 shares during the period. Institutional investors own 45.42% 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.