FRP (NASDAQ:FRPH) Announces Quarterly Earnings Results

FRP (NASDAQ:FRPH) posted its quarterly earnings results on Tuesday. The financial services provider reported ($0.01) EPS for the quarter, Zacks reports. FRP had a net margin of 0.22% and a return on equity of 0.11%. The company had revenue of $11.08 million for the quarter.

FRP Stock Down 3.2%

FRPH stock traded down $0.69 during midday trading on Thursday, reaching $21.24. The stock had a trading volume of 68,716 shares, compared to its average volume of 66,107. FRP has a twelve month low of $20.53 and a twelve month high of $26.99. The firm has a market cap of $407.09 million, a price-to-earnings ratio of 531.00 and a beta of 0.51. The business has a fifty day simple moving average of $23.82 and a two-hundred day simple moving average of $23.10.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FRPH shares. Weiss Ratings reissued a “sell (d)” rating on shares of FRP in a research report on Tuesday, July 14th. Wall Street Zen upgraded shares of FRP from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its holdings in shares of FRP by 59.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 120,192 shares of the financial services provider’s stock worth $3,434,000 after buying an additional 44,874 shares during the period. Strs Ohio acquired a new position in FRP in the 1st quarter valued at $74,000. Legal & General Group Plc boosted its position in shares of FRP by 4.6% in the second quarter. Legal & General Group Plc now owns 11,715 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 510 shares during the period. Franklin Resources Inc. raised its stake in FRP by 27.2% in the 2nd quarter. Franklin Resources Inc. now owns 9,499 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 2,034 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of FRP by 21.4% in the second quarter. Rhumbline Advisers now owns 23,338 shares of the financial services provider’s stock valued at $628,000 after buying an additional 4,117 shares in the last quarter. 45.42% of the stock is owned by institutional investors and hedge funds.

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.