FRP (NASDAQ:FRPH) CEO John Baker III Buys 6,800 Shares

FRP Holdings, Inc. (NASDAQ:FRPH) CEO John Baker III purchased 6,800 shares of FRP stock in a transaction on Friday, August 7th. The stock was bought at an average price of $21.91 per share, for a total transaction of $148,988.00. Following the completion of the acquisition, the chief executive officer owned 303,591 shares in the company, valued at $6,651,678.81. The trade was a 2.29% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

FRP Stock Performance

Shares of FRPH traded up $0.48 during midday trading on Tuesday, hitting $22.12. 81,662 shares of the company traded hands, compared to its average volume of 67,732. The firm has a 50 day moving average of $23.72 and a 200-day moving average of $23.05. FRP Holdings, Inc. has a 52 week low of $20.53 and a 52 week high of $26.99. The stock has a market cap of $424.66 million, a price-to-earnings ratio of 1,060.00 and a beta of 0.51.

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

Analysts Set New Price Targets

FRPH has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of FRP in a research report on Tuesday, July 14th. Wall Street Zen downgraded shares of FRP from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Trading of FRP

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its position in FRP by 297.9% in the fourth quarter. Signaturefd LLC now owns 1,154 shares of the financial services provider’s stock worth $26,000 after buying an additional 864 shares during the last quarter. Russell Investments Group Ltd. increased its position in FRP by 42.5% during the fourth quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 484 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of FRP in the third quarter valued at $42,000. BNP Paribas Financial Markets lifted its holdings in shares of FRP by 30.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 511 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of FRP by 63.7% during the 4th quarter. CWM LLC now owns 2,488 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 968 shares during the period. Hedge funds and other institutional investors own 45.42% of the company’s stock.

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.