FRP (NASDAQ:FRPH) Stock Passes Above 200-Day Moving Average – What’s Next?

FRP Holdings, Inc. (NASDAQ:FRPH)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.00 and traded as high as $25.41. FRP shares last traded at $25.16, with a volume of 50,276 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FRPH shares. Wall Street Zen upgraded FRP from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of FRP in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

FRP Stock Performance

The company’s 50-day simple moving average is $22.99 and its 200 day simple moving average is $23.02. The stock has a market cap of $485.19 million, a P/E ratio of 632.91 and a beta of 0.51.

FRP (NASDAQ:FRPH) last issued its quarterly earnings results on Tuesday, May 12th. The financial services provider reported ($0.04) EPS for the quarter. The business had revenue of $10.59 million for the quarter. FRP had a net margin of 2.16% and a return on equity of 0.29%.

Institutional Investors Weigh In On FRP

A number of hedge funds have recently made changes to their positions in FRPH. Intrepid Capital Management Inc. boosted its holdings in shares of FRP by 0.3% in the 3rd quarter. Intrepid Capital Management Inc. now owns 176,510 shares of the financial services provider’s stock worth $4,300,000 after buying an additional 570 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in FRP by 8.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 155,462 shares of the financial services provider’s stock worth $3,543,000 after buying an additional 12,427 shares during the last quarter. UBS Group AG raised its position in FRP by 2,000.4% in the fourth quarter. UBS Group AG now owns 143,499 shares of the financial services provider’s stock worth $3,270,000 after acquiring an additional 136,667 shares during the period. Salem Investment Counselors Inc. raised its position in FRP by 2.8% in the fourth quarter. Salem Investment Counselors Inc. now owns 114,734 shares of the financial services provider’s stock worth $2,615,000 after acquiring an additional 3,100 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in FRP by 23.7% in the fourth quarter. Renaissance Technologies LLC now owns 99,548 shares of the financial services provider’s stock valued at $2,269,000 after acquiring an additional 19,048 shares during the last quarter. 45.42% of the stock is currently owned by institutional investors.

FRP Company Profile

FRP Holdings, Inc (NASDAQ: FRPH) is an industrial services holding company that provides asset integrity and life-extension solutions to heavy-industry clients. Through its operating subsidiaries, FRP offers a broad suite of non-destructive testing (NDT), inspection services, mechanical maintenance, protective coatings, thermal spray and surface-preparation services. These offerings help clients maintain and extend the service life of critical equipment and infrastructure across multiple sectors.

The company’s core activities include ultrasonic, radiographic and magnetic-particle testing, site-based inspections, welding and fabrication support, and specialized coating applications designed to withstand extreme environments.