FRP (NASDAQ:FRPH) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

FRP Holdings, Inc. (NASDAQ:FRPH)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $22.88 and traded as high as $23.80. FRP shares last traded at $23.54, with a volume of 54,163 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FRPH. Weiss Ratings reiterated a “sell (d+)” rating on shares of FRP in a research report on Friday, March 27th. Wall Street Zen upgraded FRP from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, FRP currently has a consensus rating of “Sell”.

FRP Trading Down 0.2%

The stock has a market capitalization of $451.26 million, a price-to-earnings ratio of 588.65 and a beta of 0.52. The stock has a 50-day simple moving average of $22.17 and a 200 day simple moving average of $22.88.

FRP (NASDAQ:FRPH) last announced its quarterly earnings data on Tuesday, May 12th. The financial services provider reported ($0.04) EPS for the quarter. FRP had a return on equity of 0.29% and a net margin of 2.16%.The business had revenue of $10.59 million for the quarter.

Insider Activity

In other news, Director John D. Baker II purchased 478,468 shares of FRP stock in a transaction dated Monday, March 23rd. The stock was acquired at an average cost of $20.90 per share, for a total transaction of $9,999,981.20. Following the acquisition, the director directly owned 3,050,243 shares in the company, valued at $63,750,078.70. This represents a 18.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 24.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FRP

Institutional investors have recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in shares of FRP by 297.9% during the 4th quarter. Signaturefd LLC now owns 1,154 shares of the financial services provider’s stock valued at $26,000 after buying an additional 864 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of FRP by 42.5% during the 4th quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock valued at $37,000 after buying an additional 484 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of FRP during the 3rd quarter valued at about $42,000. CWM LLC lifted its holdings 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 valued at $57,000 after buying an additional 968 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of FRP by 30.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock valued at $60,000 after buying an additional 511 shares during the last quarter. 45.42% of the stock is currently owned by institutional investors and hedge funds.

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.