John Baker II Acquires 8,189 Shares of FRP (NASDAQ:FRPH) Stock

FRP Holdings, Inc. (NASDAQ:FRPH) Director John Baker II bought 8,189 shares of FRP stock in a transaction that occurred on Tuesday, August 18th. The stock was bought at an average price of $21.97 per share, with a total value of $179,912.33. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

FRP Stock Up 0.3%

Shares of FRP stock opened at $22.07 on Thursday. The stock has a market capitalization of $423.74 million, a P/E ratio of 1,100.50 and a beta of 0.51. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average price of $23.52 and a two-hundred day moving average price of $22.98. FRP Holdings, Inc. has a 12-month low of $20.53 and a 12-month high of $26.49.

FRP (NASDAQ:FRPH) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($0.01) EPS for the quarter. FRP had a net margin of 0.22% and a return on equity of 0.11%. The firm had revenue of $11.08 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FRPH. Bank of New York Mellon Corp bought a new stake in shares of FRP in the second quarter valued at approximately $1,082,000. Bank of America Corp DE increased its position in FRP by 36.8% during the first quarter. Bank of America Corp DE now owns 21,982 shares of the financial services provider’s stock worth $481,000 after acquiring an additional 5,910 shares during the period. Quantinno Capital Management LP increased its position in FRP by 13.5% during the first quarter. Quantinno Capital Management LP now owns 80,364 shares of the financial services provider’s stock worth $1,758,000 after acquiring an additional 9,560 shares during the period. PNC Financial Services Group Inc. raised its stake in FRP by 30.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,555 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 1,306 shares during the last quarter. Finally, HB Wealth Management LLC raised its stake in FRP by 3.7% during the 1st quarter. HB Wealth Management LLC now owns 84,118 shares of the financial services provider’s stock valued at $1,841,000 after purchasing an additional 3,026 shares during the last quarter. 45.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on FRPH. Wall Street Zen downgraded shares of FRP from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings restated a “sell (d)” rating on shares of FRP in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

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.