FRP (NASDAQ:FRPH) Downgraded to Hold at StockNews.com

FRP (NASDAQ:FRPH) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

FRP Trading Up 2.1 %

FRPH stock opened at $30.13 on Thursday. FRP has a 12 month low of $26.75 and a 12 month high of $32.50. The company has a 50-day moving average price of $29.30 and a 200 day moving average price of $29.58. The stock has a market cap of $573.07 million, a PE ratio of 95.19 and a beta of 0.47.

FRP (NASDAQ:FRPH) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.11 EPS for the quarter. FRP had a net margin of 18.12% and a return on equity of 1.67%. The firm had revenue of $10.48 million during the quarter.

Insider Buying and Selling at FRP

In other FRP news, President David H. Devilliers, Jr. sold 4,134 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $30.00, for a total value of $124,020.00. Following the completion of the sale, the president now directly owns 62,755 shares of the company’s stock, valued at $1,882,650. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other FRP news, President David H. Devilliers, Jr. sold 4,134 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $30.00, for a total value of $124,020.00. Following the completion of the sale, the president now directly owns 62,755 shares of the company’s stock, valued at $1,882,650. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President David H. Devilliers, Jr. sold 2,280 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $29.53, for a total transaction of $67,328.40. Following the completion of the sale, the president now directly owns 51,003 shares of the company’s stock, valued at approximately $1,506,118.59. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,589 shares of company stock valued at $342,079 in the last three months. Company insiders own 22.80% of the company’s stock.

Institutional Investors Weigh In On FRP

Several large investors have recently modified their holdings of the business. Hyman Charles D raised its holdings in shares of FRP by 100.0% in the 2nd quarter. Hyman Charles D now owns 1,937,268 shares of the financial services provider’s stock valued at $55,251,000 after purchasing an additional 968,822 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of FRP by 101.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,096,293 shares of the financial services provider’s stock valued at $31,266,000 after purchasing an additional 553,265 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of FRP by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 325,563 shares of the financial services provider’s stock valued at $19,990,000 after purchasing an additional 6,741 shares in the last quarter. LB Partners LLC raised its holdings in shares of FRP by 100.0% in the 2nd quarter. LB Partners LLC now owns 125,802 shares of the financial services provider’s stock valued at $3,588,000 after purchasing an additional 62,901 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings in shares of FRP by 98.9% in the 2nd quarter. Salem Investment Counselors Inc. now owns 110,734 shares of the financial services provider’s stock valued at $3,158,000 after purchasing an additional 55,067 shares in the last quarter. Institutional investors own 45.42% of the company’s stock.

About FRP

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.