FRP (NASDAQ:FRPH) Rating Lowered 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 report issued on Tuesday.

FRP Stock Up 0.9 %

Shares of FRPH stock opened at $30.70 on Tuesday. The business has a 50 day moving average of $30.11 and a two-hundred day moving average of $29.55. The company has a market cap of $583.33 million, a P/E ratio of 109.64 and a beta of 0.57. FRP has a 52 week low of $26.23 and a 52 week high of $32.50.

FRP (NASDAQ:FRPH) last issued its quarterly earnings data on Wednesday, March 6th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter. FRP had a return on equity of 1.19% and a net margin of 12.77%. The business had revenue of $10.11 million during the quarter.

Institutional Investors Weigh In On FRP

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV purchased a new position in shares of FRP during the 4th quarter valued at $50,000. SG Americas Securities LLC acquired a new position in FRP in the third quarter worth about $163,000. Everett Harris & Co. CA acquired a new position in FRP in the fourth quarter worth about $235,000. Pathstone Family Office LLC acquired a new position in FRP in the third quarter worth about $228,000. Finally, WINTON GROUP Ltd bought a new stake in FRP during the third quarter worth about $328,000. 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.