FRP (NASDAQ:FRPH) CEO Acquires $20,707.18 in Stock

FRP Holdings, Inc. (NASDAQ:FRPH) CEO John Baker III acquired 1,091 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were acquired at an average cost of $18.98 per share, for a total transaction of $20,707.18. Following the completion of the transaction, the chief executive officer directly owned 304,682 shares of the company’s stock, valued at $5,782,864.36. The trade was a 0.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.

FRP Stock Performance

NASDAQ FRPH traded up $0.02 during trading hours on Friday, hitting $18.47. The company’s stock had a trading volume of 103,026 shares, compared to its average volume of 127,682. FRP Holdings, Inc. has a 12 month low of $17.29 and a 12 month high of $25.74. The company’s 50 day simple moving average is $20.05 and its two-hundred day simple moving average is $22.20. The company has a market cap of $354.59 million, a P/E ratio of -461.75 and a beta of 0.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.19 and a quick ratio of 1.19.

FRP (NASDAQ:FRPH) last issued its earnings results on Wednesday, November 4th. The financial services provider reported ($0.01) earnings per share for the quarter. The business had revenue of $10.96 million during the quarter. FRP had a negative return on equity of 0.07% and a negative net margin of 1.68%.

Institutional Trading of FRP

A number of hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new position in FRP in the second quarter worth about $1,082,000. Oppenheimer & Close LLC increased its position in shares of FRP by 56.4% during the 3rd quarter. Oppenheimer & Close LLC now owns 213,406 shares of the financial services provider’s stock valued at $4,441,000 after purchasing an additional 76,959 shares during the last quarter. Fifth Third Bancorp increased its position in shares of FRP by 8,350.0% during the 3rd quarter. Fifth Third Bancorp now owns 2,197 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 2,171 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of FRP by 5.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,547 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 503 shares during the last quarter. Finally, HB Wealth Management LLC lifted its stake in shares of FRP by 0.8% in the 2nd quarter. HB Wealth Management LLC now owns 84,751 shares of the financial services provider’s stock worth $2,118,000 after purchasing an additional 633 shares during the period. Hedge funds and other institutional investors own 45.42% of the company’s stock.

Wall Street Analyst Weigh In

FRPH has been the subject of several research reports. Wall Street Zen cut shares of FRP from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings restated a “sell (d)” rating on shares of FRP in a research report on Monday, October 12th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has an average rating of “Sell”.

About FRP

FRP Holdings, Inc. is a real estate company that acquires, develops, owns and manages commercial and residential properties. Its portfolio includes industrial and commercial properties, multifamily communities, and land held for development. The company also holds mining royalty interests, earning income from land used by mining operators. These activities reflect FRP’s roots as Florida Rock Properties, the name under which the company previously operated. FRP serves markets primarily in the eastern United States, with real estate and development activities across several regions.