FRP (NASDAQ:FRPH) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of FRP (NASDAQ:FRPH) from a hold rating to a sell rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of FRP in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

FRP Price Performance

Shares of FRP stock opened at $21.64 on Friday. FRP has a one year low of $20.53 and a one year high of $26.99. The stock’s 50-day moving average is $23.72 and its 200 day moving average is $23.05. The firm has a market cap of $415.49 million, a price-to-earnings ratio of 1,096.00 and a beta of 0.51.

FRP (NASDAQ:FRPH) last issued its earnings results on Tuesday, August 4th. The financial services provider reported ($0.01) earnings per share for the quarter. The business had revenue of $11.08 million during the quarter. FRP had a return on equity of 0.11% and a net margin of 0.22%.

Hedge Funds Weigh In On FRP

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC increased its position in shares of FRP by 6.2% during the fourth quarter. SG Americas Securities LLC now owns 7,337 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 427 shares in the last quarter. Russell Investments Group Ltd. lifted its position in FRP by 42.5% in the 4th quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 484 shares in the last quarter. Legal & General Group Plc lifted its position in FRP by 4.6% in the 2nd 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 in the last quarter. BNP Paribas Financial Markets lifted its position in FRP by 30.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 511 shares in the last quarter. Finally, Intrepid Capital Management Inc. boosted its stake in FRP by 0.3% during the 3rd quarter. Intrepid Capital Management Inc. now owns 176,510 shares of the financial services provider’s stock valued at $4,300,000 after purchasing an additional 570 shares during 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.