FRP (NASDAQ:FRPH) COO David Devilliers III Sells 1,500 Shares

FRP Holdings, Inc. (NASDAQ:FRPH) COO David Devilliers III sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $23.42, for a total transaction of $35,130.00. Following the completion of the transaction, the chief operating officer owned 56,159 shares of the company’s stock, valued at $1,315,243.78. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

FRP Price Performance

Shares of FRPH traded down $0.26 during midday trading on Monday, hitting $23.14. The stock had a trading volume of 66,813 shares, compared to its average volume of 51,006. The firm has a market cap of $442.42 million, a price-to-earnings ratio of 96.37 and a beta of 0.56. The company has a 50 day simple moving average of $23.79 and a two-hundred day simple moving average of $25.37. FRP Holdings, Inc. has a twelve month low of $21.68 and a twelve month high of $31.99.

FRP (NASDAQ:FRPH) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter. FRP had a return on equity of 1.00% and a net margin of 10.90%.The business had revenue of $10.78 million for the quarter.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of FRP in a report on Monday, December 8th. Wall Street Zen downgraded FRP from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of FRP

A number of hedge funds have recently made changes to their positions in FRPH. CWM LLC increased its holdings in shares of FRP by 86.0% during the 3rd quarter. CWM LLC now owns 1,520 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 703 shares during the last quarter. Focus Partners Wealth bought a new position in FRP during the third quarter worth $42,000. BNP Paribas Financial Markets increased its holdings in shares of FRP by 30.0% in the second quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 511 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of FRP by 517.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,606 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 2,184 shares during the period. Finally, Strs Ohio bought a new position in shares of FRP in the first quarter valued at about $74,000. 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.