Teton Advisors LLC Purchases New Position in FRP Holdings, Inc. $FRPH

Teton Advisors LLC purchased a new position in shares of FRP Holdings, Inc. (NASDAQ:FRPH) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 35,000 shares of the financial services provider’s stock, valued at approximately $853,000. Teton Advisors LLC owned approximately 0.18% of FRP at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FRPH. Goldman Sachs Group Inc. raised its stake in shares of FRP by 59.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 120,192 shares of the financial services provider’s stock worth $3,434,000 after buying an additional 44,874 shares during the period. Strs Ohio acquired a new position in FRP during the first quarter worth $74,000. Thompson Davis & CO. Inc. purchased a new position in FRP during the second quarter valued at $1,856,000. Creative Planning acquired a new stake in shares of FRP in the second quarter valued at about $1,602,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of FRP during the second quarter worth about $286,000. 45.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other FRP news, COO David H. Devilliers III sold 4,589 shares of the stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $22.75, for a total transaction of $104,399.75. Following the completion of the transaction, the chief operating officer owned 51,570 shares of the company’s stock, valued at $1,173,217.50. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 22.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wall Street Zen cut FRP from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FRP in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, FRP currently has a consensus rating of “Sell”.

FRP Trading Down 1.4%

Shares of FRPH opened at $23.32 on Friday. The firm has a 50-day moving average price of $23.71 and a 200 day moving average price of $24.01. The firm has a market capitalization of $445.88 million, a P/E ratio of 97.17 and a beta of 0.55. FRP Holdings, Inc. has a 12-month low of $21.68 and a 12-month high of $30.35.

About FRP

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.