FRP (NASDAQ:FRPH) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

FRP Holdings, Inc. (NASDAQ:FRPH) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.26 and traded as high as $31.48. FRP shares last traded at $31.18, with a volume of 36,743 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut FRP from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

FRP Price Performance

The stock has a fifty day simple moving average of $30.45 and a two-hundred day simple moving average of $30.26. The firm has a market capitalization of $593.36 million, a P/E ratio of 77.95 and a beta of 0.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FRPH. Rhumbline Advisers raised its holdings in shares of FRP by 2.3% during the fourth quarter. Rhumbline Advisers now owns 20,995 shares of the financial services provider’s stock valued at $643,000 after purchasing an additional 465 shares during the period. American Century Companies Inc. raised its stake in FRP by 4.6% during the 4th quarter. American Century Companies Inc. now owns 13,328 shares of the financial services provider’s stock worth $408,000 after buying an additional 592 shares during the period. Epacria Capital Partners LLC boosted its holdings in FRP by 1.8% in the fourth quarter. Epacria Capital Partners LLC now owns 46,828 shares of the financial services provider’s stock worth $1,434,000 after acquiring an additional 806 shares in the last quarter. State Street Corp grew its stake in FRP by 0.4% in the third quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock valued at $8,478,000 after acquiring an additional 1,005 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of FRP by 9.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,586 shares of the financial services provider’s stock valued at $417,000 after acquiring an additional 1,159 shares in the last quarter. 45.42% of the stock is owned by institutional investors.

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.