FRP (NASDAQ:FRPH) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

FRP Holdings, Inc. (NASDAQ:FRPH) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $22.94 and traded as high as $23.03. FRP shares last traded at $22.80, with a volume of 89,056 shares traded.

Analyst Ratings Changes

FRPH has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of FRP in a research report on Tuesday, July 14th. Wall Street Zen cut shares of FRP from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

FRP Stock Performance

The firm has a fifty day simple moving average of $23.40 and a 200-day simple moving average of $22.93. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.47. The stock has a market cap of $426.82 million, a price-to-earnings ratio of 1,140.00 and a beta of 0.51.

FRP (NASDAQ:FRPH) last released its earnings results on Tuesday, August 4th. The financial services provider reported ($0.01) earnings per share 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 for the quarter.

Insider Activity

In other news, Director John D. Baker II acquired 8,189 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was purchased at an average cost of $21.97 per share, with a total value of $179,912.33. Following the acquisition, the director owned 3,059,389 shares of the company’s stock, valued at $67,214,776.33. This trade represents a 0.27% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John D. Baker III bought 6,800 shares of the business’s stock in a transaction on Friday, August 7th. The shares were acquired at an average price of $21.91 per share, for a total transaction of $148,988.00. Following the completion of the transaction, the chief executive officer owned 303,591 shares in the company, valued at approximately $6,651,678.81. This trade represents a 2.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 15,946 shares of company stock valued at $349,926 over the last three months. Company insiders own 24.00% of the company’s stock.

Hedge Funds Weigh In On FRP

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in FRP by 42.5% during the 4th quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 484 shares during the period. Focus Partners Wealth acquired a new position in shares of FRP in the 3rd quarter valued at $42,000. CWM LLC boosted its position in shares of FRP by 63.7% in 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 last quarter. BNP Paribas Financial Markets boosted its position 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 purchasing an additional 511 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of FRP by 517.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,606 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 2,184 shares during the period. 45.42% of the stock is currently owned by institutional investors and hedge funds.

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.