Teton Advisors LLC Acquires New Stake in FRP Holdings, Inc. $FRPH

Teton Advisors LLC bought a new stake in shares of FRP Holdings, Inc. (NASDAQ:FRPH) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 35,000 shares of the financial services provider’s stock, valued at approximately $853,000.

Other institutional investors also recently bought and sold shares of the company. CWM LLC boosted its stake in shares of FRP by 86.0% in the third quarter. CWM LLC now owns 1,520 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 703 shares during the period. BNP Paribas Financial Markets lifted its holdings in FRP by 30.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock worth $60,000 after buying an additional 511 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in FRP by 517.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,606 shares of the financial services provider’s stock valued at $70,000 after buying an additional 2,184 shares during the period. Strs Ohio purchased a new position in FRP in the 1st quarter valued at approximately $74,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of FRP in the third quarter worth $97,000. 45.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

FRP Trading Down 1.4%

Shares of NASDAQ:FRPH opened at $23.32 on Friday. The firm has a 50 day simple moving average of $23.71 and a 200-day simple moving average of $24.01. FRP Holdings, Inc. has a twelve month low of $21.68 and a twelve month high of $30.35. The company has a market capitalization of $445.88 million, a PE ratio of 97.17 and a beta of 0.55.

Insider Activity

In other FRP news, COO David H. Devilliers III sold 4,589 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $22.75, for a total transaction of $104,399.75. Following the transaction, the chief operating officer owned 51,570 shares of the company’s stock, valued at approximately $1,173,217.50. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 22.80% of the company’s stock.

FRP 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.