LB Partners LLC Sells 67,100 Shares of FRP Holdings, Inc. $FRPH

LB Partners LLC trimmed its stake in FRP Holdings, Inc. (NASDAQ:FRPH) by 87.5% during the first quarter, Holdings Channel reports. The fund owned 9,582 shares of the financial services provider’s stock after selling 67,100 shares during the period. LB Partners LLC’s holdings in FRP were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of FRPH. Intrepid Capital Management Inc. raised its holdings in shares of FRP by 0.3% in the 3rd quarter. Intrepid Capital Management Inc. now owns 176,510 shares of the financial services provider’s stock worth $4,300,000 after purchasing an additional 570 shares during the period. Goldman Sachs Group Inc. grew its holdings in FRP by 8.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 155,462 shares of the financial services provider’s stock valued at $3,543,000 after purchasing an additional 12,427 shares during the period. UBS Group AG increased its position in FRP by 2,000.4% in the fourth quarter. UBS Group AG now owns 143,499 shares of the financial services provider’s stock worth $3,270,000 after buying an additional 136,667 shares during the last quarter. Salem Investment Counselors Inc. increased its position in FRP by 2.8% in the fourth quarter. Salem Investment Counselors Inc. now owns 114,734 shares of the financial services provider’s stock worth $2,615,000 after buying an additional 3,100 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of FRP by 23.7% in the fourth quarter. Renaissance Technologies LLC now owns 99,548 shares of the financial services provider’s stock valued at $2,269,000 after buying an additional 19,048 shares during the period. Hedge funds and other institutional investors own 45.42% of the company’s stock.

FRP Trading Up 0.7%

FRP stock opened at $25.16 on Thursday. FRP Holdings, Inc. has a 1-year low of $20.53 and a 1-year high of $27.50. The firm has a market capitalization of $482.32 million, a price-to-earnings ratio of 629.16 and a beta of 0.52. The firm has a 50 day simple moving average of $22.92 and a 200 day simple moving average of $23.00.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FRPH shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FRP in a research report on Friday, March 27th. Wall Street Zen raised FRP from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.