FRP (NASDAQ:FRPH) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

FRP Holdings, Inc. (NASDAQ:FRPH) passed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FRPH shares. Weiss Ratings reissued a “sell (d+)” rating on shares of FRP in a research report on Friday, March 27th. Wall Street Zen upgraded shares of FRP from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, FRP currently has an average rating of “Sell”.

FRP Trading Down 0.2%

The stock has a market capitalization of $451.26 million, a P/E ratio of 588.65 and a beta of 0.52. The business has a 50-day moving average price of $22.17 and a 200 day moving average price of $22.88.

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

Insider Transactions at FRP

In related news, Director John D. Baker II purchased 478,468 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was bought at an average cost of $20.90 per share, for a total transaction of $9,999,981.20. Following the completion of the transaction, 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 filing with the SEC, which is available at this link. 24.00% of the stock is currently owned by corporate insiders.

Institutional Trading of FRP

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its stake in FRP by 36.8% in the first quarter. Bank of America Corp DE now owns 21,982 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 5,910 shares during the period. Quantinno Capital Management LP grew its stake in FRP by 13.5% in the first quarter. Quantinno Capital Management LP now owns 80,364 shares of the financial services provider’s stock valued at $1,758,000 after purchasing an additional 9,560 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in FRP by 30.7% in the first 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. HB Wealth Management LLC boosted its holdings in FRP by 3.7% in the first quarter. HB Wealth Management LLC now owns 84,118 shares of the financial services provider’s stock worth $1,841,000 after acquiring an additional 3,026 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in FRP by 58.0% in the fourth quarter. AQR Capital Management LLC now owns 34,940 shares of the financial services provider’s stock worth $796,000 after acquiring an additional 12,823 shares in the last quarter. Hedge funds and other institutional investors own 45.42% of the company’s stock.

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.