FRP (NASDAQ:FRPH) Stock: Insider John Baker III Acquires 4,172 Shares

FRP Holdings, Inc. (NASDAQ:FRPH) CEO John Baker III acquired 4,172 shares of FRP stock in a transaction on Wednesday, November 11th. The stock was acquired at an average cost of $18.80 per share, for a total transaction of $78,433.60. Following the purchase, the chief executive officer owned 308,854 shares of the company’s stock, valued at approximately $5,806,455.20. This represents a 1.37% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

FRP Price Performance

Shares of FRPH stock traded up $0.02 during trading hours on Friday, hitting $18.47. 103,026 shares of the company’s stock were exchanged, compared to its average volume of 127,682. FRP Holdings, Inc. has a 52 week low of $17.29 and a 52 week high of $25.74. The stock has a market cap of $354.59 million, a price-to-earnings 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. The stock’s 50-day moving average is $20.05 and its 200-day moving average is $22.20.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on FRPH. 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 restated a “sell (d)” rating on shares of FRP in a research report on Monday, October 12th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.

Hedge Funds Weigh In On FRP

Several hedge funds have recently added to or reduced their stakes in the company. Oppenheimer & Close LLC increased its position in FRP by 56.4% in the third quarter. Oppenheimer & Close LLC now owns 213,406 shares of the financial services provider’s stock worth $4,441,000 after purchasing an additional 76,959 shares during the period. HB Wealth Management LLC lifted its position in FRP by 0.8% during the 2nd quarter. HB Wealth Management LLC now owns 84,751 shares of the financial services provider’s stock valued at $2,118,000 after purchasing an additional 633 shares during the period. Quantinno Capital Management LP lifted its position in FRP by 13.5% during the 1st quarter. Quantinno Capital Management LP now owns 80,364 shares of the financial services provider’s stock valued at $1,758,000 after purchasing an additional 9,560 shares during the period. Bank of New York Mellon Corp bought a new position in shares of FRP in the 2nd quarter valued at about $1,082,000. Finally, Bank of America Corp DE boosted its stake in shares of FRP by 36.8% in the 1st quarter. Bank of America Corp DE now owns 21,982 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 5,910 shares during the last quarter. Institutional investors own 45.42% of the company’s stock.

FRP Company Profile

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.