FRP (FRPH) Getting Somewhat Positive News Coverage, Analysis Shows
Media stories about FRP (NASDAQ:FRPH) have been trending somewhat positive on Monday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FRP earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 36.4540170940171 out of 100, meaning that recent news coverage is unlikely to have an impact on the stock’s share price in the next few days.
A number of equities analysts have weighed in on FRPH shares. BidaskClub raised shares of FRP from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 1st. TheStreet downgraded shares of FRP from a “b-” rating to a “c” rating in a research note on Friday, June 8th. Finally, ValuEngine raised shares of FRP from a “hold” rating to a “buy” rating in a research note on Tuesday, May 22nd.
FRP stock opened at $64.35 on Monday. FRP has a 52-week low of $41.90 and a 52-week high of $67.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.22 and a current ratio of 4.22.
In other news, President David H. Devilliers, Jr. sold 10,000 shares of the stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $65.12, for a total value of $651,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President David H. Devilliers, Jr. sold 10,120 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $63.47, for a total transaction of $642,316.40. Following the completion of the sale, the president now directly owns 1,350 shares of the company’s stock, valued at approximately $85,684.50. The disclosure for this sale can be found here. Insiders sold 43,552 shares of company stock valued at $2,781,327 in the last three months. Company insiders own 17.31% of the company’s stock.
FRP Company Profile
FRP Holdings, Inc, through its subsidiaries, engages in various real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Land Development and Construction, and RiverFront on the Anacostia. The Asset Management segment owns, leases, and manages warehouses and office buildings primarily located in the Baltimore, northern Virginia, and Washington, DC market areas.
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