FRP (NASDAQ:FRPH) Stock: Insider John Baker III Acquires 4,172 Shares

FRP Holdings, Inc. (NASDAQ:FRPH) CEO John Baker III bought 4,172 shares of the firm’s stock in a transaction on Wednesday, November 11th. The shares were bought at an average price of $18.80 per share, with a total value of $78,433.60. Following the completion of the purchase, the chief executive officer owned 308,854 shares in the company, valued at approximately $5,806,455.20. The trade was a 1.37% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

FRP Stock Performance

Shares of NASDAQ FRPH traded down $0.45 during midday trading on Thursday, hitting $18.45. 85,655 shares of the stock traded hands, compared to its average volume of 80,497. The firm has a market capitalization of $354.24 million, a P/E ratio of -461.25 and a beta of 0.54. FRP Holdings, Inc. has a one year low of $17.29 and a one year 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 has a 50-day moving average of $20.20 and a two-hundred day moving average of $22.25.

FRP (NASDAQ:FRPH) last issued its quarterly earnings data on Wednesday, November 4th. The financial services provider reported ($0.01) EPS for the quarter. The firm had revenue of $10.96 million during the quarter. FRP had a negative return on equity of 0.07% and a negative net margin of 1.68%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Oppenheimer & Close LLC raised its holdings in FRP by 56.4% in the 3rd quarter. Oppenheimer & Close LLC now owns 213,406 shares of the financial services provider’s stock worth $4,441,000 after purchasing an additional 76,959 shares during the period. Fifth Third Bancorp grew its holdings in FRP by 8,350.0% during the third quarter. Fifth Third Bancorp now owns 2,197 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 2,171 shares during the period. Sequoia Financial Advisors LLC grew its holdings in FRP by 5.0% during the second quarter. Sequoia Financial Advisors LLC now owns 10,547 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 503 shares during the period. HB Wealth Management LLC increased its position in FRP by 0.8% in the second quarter. HB Wealth Management LLC now owns 84,751 shares of the financial services provider’s stock worth $2,118,000 after buying an additional 633 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in FRP in the second quarter worth about $1,082,000. Hedge funds and other institutional investors own 45.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FRPH shares. Weiss Ratings reissued a “sell (d)” rating on shares of FRP in a research report on Monday, October 12th. Wall Street Zen lowered shares of FRP from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About FRP

FRP Holdings, Inc. is a real estate company that acquires, develops, owns and manages commercial and residential properties. Its portfolio includes industrial and commercial properties, multifamily communities, and land held for development. The company also holds mining royalty interests, earning income from land used by mining operators. These activities reflect FRP’s roots as Florida Rock Properties, the name under which the company previously operated. FRP serves markets primarily in the eastern United States, with real estate and development activities across several regions.