FRP (NASDAQ:FRPH) Shares to Split on Monday, April 15th

Shares of FRP Holdings, Inc. (NASDAQ:FRPH) are going to split on Monday, April 15th. The 2-1 split was announced on Monday, April 15th. The newly minted shares will be distributed to shareholders after the market closes on Monday, April 15th.

FRP Stock Up 0.7 %

FRPH opened at $60.96 on Thursday. The stock has a fifty day moving average of $60.18 and a 200-day moving average of $58.72. The firm has a market capitalization of $579.12 million, a P/E ratio of 110.84 and a beta of 0.57. FRP has a 12-month low of $52.45 and a 12-month high of $65.00.

FRP (NASDAQ:FRPH) last released its earnings results on Wednesday, March 6th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $10.11 million during the quarter. FRP had a return on equity of 1.19% and a net margin of 12.77%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of FRP from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th.

Hedge Funds Weigh In On FRP

Several hedge funds have recently bought and sold shares of the business. Nuveen Asset Management LLC increased its position in FRP by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 20,426 shares of the financial services provider’s stock worth $1,284,000 after buying an additional 207 shares during the last quarter. Rhumbline Advisers grew its position in shares of FRP by 2.0% in the second quarter. Rhumbline Advisers now owns 10,809 shares of the financial services provider’s stock valued at $622,000 after purchasing an additional 208 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of FRP by 63.9% in the second quarter. Tower Research Capital LLC TRC now owns 554 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 216 shares during the last quarter. Citigroup Inc. grew its position in shares of FRP by 111.4% in the first quarter. Citigroup Inc. now owns 446 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 235 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of FRP by 4.1% in the third quarter. Royal Bank of Canada now owns 6,008 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 237 shares during the last quarter. 45.42% of the stock is owned by institutional investors and hedge funds.

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.