FRP (NASDAQ:FRPH) COO David Devilliers III Sells 4,589 Shares

FRP Holdings, Inc. (NASDAQ:FRPH) COO David Devilliers III sold 4,589 shares of the stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $22.75, for a total value of $104,399.75. Following the completion of the transaction, the chief operating officer directly owned 51,570 shares in the company, valued at approximately $1,173,217.50. This represents a 8.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

FRP Price Performance

Shares of FRPH traded up $0.36 on Monday, reaching $23.13. The company’s stock had a trading volume of 56,308 shares, compared to its average volume of 67,854. The stock’s 50 day simple moving average is $23.24 and its two-hundred day simple moving average is $24.91. The stock has a market capitalization of $442.25 million, a P/E ratio of 96.38 and a beta of 0.57. FRP Holdings, Inc. has a 12-month low of $21.68 and a 12-month high of $31.99.

FRP (NASDAQ:FRPH) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.03 earnings per share for the quarter. FRP had a net margin of 10.90% and a return on equity of 1.00%. The business had revenue of $10.78 million for the quarter.

Institutional Investors Weigh In On FRP

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC boosted its position in shares of FRP by 86.0% during the third quarter. CWM LLC now owns 1,520 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 703 shares during the last quarter. Focus Partners Wealth purchased a new stake in FRP in the 3rd quarter worth $42,000. BNP Paribas Financial Markets boosted its holdings in shares of FRP by 30.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 511 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of FRP by 517.5% during 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 purchasing an additional 2,184 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of FRP during the first quarter valued at about $74,000. Institutional investors own 45.42% of the company’s stock.

Analyst Ratings Changes

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

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.