FRP (NASDAQ:FRPH) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, BidAskClub reports.

Separately, ValuEngine lowered shares of FRP from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th.

Shares of FRP stock traded down $1.43 during trading hours on Tuesday, reaching $47.30. The company’s stock had a trading volume of 716 shares, compared to its average volume of 14,499. FRP has a one year low of $41.51 and a one year high of $67.70. The firm has a market capitalization of $480.27 million, a price-to-earnings ratio of 151.09 and a beta of 0.61. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23.

FRP (NASDAQ:FRPH) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $0.16 earnings per share for the quarter. FRP had a net margin of 550.77% and a return on equity of 1.10%. The firm had revenue of $5.71 million for the quarter.

In related news, insider John D. Milton, Jr. sold 2,500 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $46.64, for a total transaction of $116,600.00. Following the transaction, the insider now directly owns 2,500 shares of the company’s stock, valued at $116,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.70% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc lifted its position in shares of FRP by 25.0% during the fourth quarter. Legal & General Group Plc now owns 1,333 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 267 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of FRP by 487.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,309 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 1,086 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of FRP by 20.2% during the fourth quarter. Great West Life Assurance Co. Can now owns 1,686 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 283 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of FRP by 20.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,800 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 300 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its position in shares of FRP by 385.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,545 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 2,021 shares in the last quarter. 48.45% of the stock is currently owned by institutional investors.

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, Development, and Stabilized Joint Venture. The Asset Management segment owns, leases, and manages commercial properties.

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