FRP (NASDAQ:FRPH) Posts Earnings Results

FRP (NASDAQ:FRPH) released its quarterly earnings data on Wednesday. The financial services provider reported ($0.01) EPS for the quarter, Zacks reports. FRP had a return on equity of 0.11% and a net margin of 0.22%.

FRP Trading Up 1.9%

FRPH traded up $0.35 during mid-day trading on Wednesday, reaching $18.79. The stock had a trading volume of 136,388 shares, compared to its average volume of 78,421. The stock has a market capitalization of $360.77 million, a P/E ratio of 943.00 and a beta of 0.54. FRP has a 52 week low of $18.22 and a 52 week high of $25.74. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.19 and a current ratio of 1.19. The firm’s fifty day simple moving average is $20.60 and its two-hundred day simple moving average is $22.40.

Insider Buying and Selling at FRP

In related news, CEO John D. Baker III purchased 6,800 shares of FRP stock in a transaction dated 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 directly owned 303,591 shares of the company’s stock, valued at $6,651,678.81. This represents a 2.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John D. Baker II purchased 8,189 shares of FRP stock in a transaction on Tuesday, August 18th. The shares were purchased at an average cost of $21.97 per share, with a total value of $179,912.33. Following the transaction, the director owned 3,059,389 shares in the company, valued at approximately $67,214,776.33. The trade was a 0.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 15,946 shares of company stock worth $349,926 over the last 90 days. 24.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of FRP from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FRP in a report on Monday, October 12th. 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”.

About FRP

FRP Holdings, Inc is a real estate company that owns, develops and manages industrial and commercial properties. The company’s portfolio includes warehouses, distribution facilities, office properties and other income-producing real estate, with a focus on markets in the eastern United States.

FRP Holdings also operates a mining royalties business. Through this segment, the company owns mineral properties and leases them to third-party operators that extract construction aggregates and other materials.