FRP (NASDAQ:FRPH) CEO John Baker III Acquires 4,172 Shares of Company Stock

FRP Holdings, Inc. (NASDAQ:FRPH) CEO John Baker III purchased 4,172 shares of the stock in a transaction dated Wednesday, November 11th. The shares were purchased at an average cost of $18.80 per share, for a total transaction of $78,433.60. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link.

FRP Price Performance

FRP stock opened at $18.45 on Friday. FRP Holdings, Inc. has a 12-month low of $17.29 and a 12-month high of $25.74. The stock has a market cap of $354.24 million, a P/E ratio of -461.25 and a beta of 0.54. The company has a 50-day moving average price of $20.13 and a 200 day moving average price of $22.22. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.47.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wall Street Zen lowered shares of FRP from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of FRP in a research report on Monday, October 12th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Trading of FRP

A number of hedge funds and other institutional investors have recently modified their holdings of FRPH. Fifth Third Bancorp lifted its position in FRP by 8,350.0% in the third quarter. Fifth Third Bancorp now owns 2,197 shares of the financial services provider’s stock valued at $46,000 after buying an additional 2,171 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in FRP by 30.7% during the first quarter. PNC Financial Services Group Inc. now owns 5,555 shares of the financial services provider’s stock worth $122,000 after buying an additional 1,306 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of 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 acquiring an additional 503 shares during the last quarter. Bank of America Corp DE increased its position in shares of 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 valued at $481,000 after acquiring an additional 5,910 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of FRP during the second quarter valued at about $1,082,000. 45.42% of the stock is owned by institutional investors and hedge funds.

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.