StockNews.com upgraded shares of FRP (NASDAQ:FRPH – Free Report) from a hold rating to a buy rating in a research note published on Sunday morning.
FRP Trading Up 2.2 %
FRP stock opened at $29.98 on Friday. FRP has a 12-month low of $26.59 and a 12-month high of $32.50. The firm has a market capitalization of $570.22 million, a price-to-earnings ratio of 96.71 and a beta of 0.47. The firm has a 50 day moving average of $28.95 and a 200 day moving average of $29.72.
Insider Buying and Selling
In other FRP news, President David H. Devilliers, Jr. sold 2,280 shares of FRP stock in a transaction on Monday, August 19th. The shares were sold at an average price of $29.53, for a total value of $67,328.40. Following the sale, the president now directly owns 51,003 shares in the company, valued at approximately $1,506,118.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, President David H. Devilliers, Jr. sold 2,280 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $29.53, for a total transaction of $67,328.40. Following the completion of the transaction, the president now directly owns 51,003 shares of the company’s stock, valued at $1,506,118.59. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John D. Milton, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $30.40, for a total value of $45,600.00. Following the transaction, the executive vice president now owns 960 shares of the company’s stock, valued at approximately $29,184. The disclosure for this sale can be found here. 22.80% of the stock is owned by company insiders.
Institutional Investors Weigh In On FRP
FRP Company Profile
FRP Holdings, Inc engages in the real estate business in the United States. It operates through four segments: Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily. The Industrial and Commercial segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment leases and manages mining royalties owned by the company primarily in Florida, Georgia, and Virginia.
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