FRP (NASDAQ:FRPH) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of FRP (NASDAQ:FRPH) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of FRP in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, FRP presently has an average rating of “Sell”.

FRP Price Performance

NASDAQ FRPH opened at $21.92 on Friday. The business’s fifty day moving average is $23.75 and its 200-day moving average is $23.07. The stock has a market capitalization of $420.21 million, a price-to-earnings ratio of 1,096.00 and a beta of 0.51. FRP has a one year low of $20.53 and a one year high of $26.99.

FRP (NASDAQ:FRPH) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($0.01) earnings per share for the quarter. FRP had a net margin of 0.22% and a return on equity of 0.11%. The company had revenue of $11.08 million for the quarter.

Institutional Investors Weigh In On FRP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG boosted its position in FRP by 2,000.4% during the fourth quarter. UBS Group AG now owns 143,499 shares of the financial services provider’s stock worth $3,270,000 after purchasing an additional 136,667 shares during the period. Focus Partners Wealth bought a new stake in shares of FRP in the third quarter valued at approximately $42,000. Russell Investments Group Ltd. raised its position in shares of FRP by 42.5% in the fourth quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 484 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of FRP during the 2nd quarter valued at approximately $1,082,000. Finally, Bank of America Corp DE boosted its holdings in FRP by 36.8% in the 1st quarter. Bank of America Corp DE now owns 21,982 shares of the financial services provider’s stock worth $481,000 after buying an additional 5,910 shares during the period. 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.