Insider Buying: FRP (NASDAQ:FRPH) Director Buys $179,912.33 in Stock

FRP Holdings, Inc. (NASDAQ:FRPH) Director John Baker II acquired 8,189 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were purchased at an average cost of $21.97 per share, with a total value of $179,912.33. Following the transaction, the director directly owned 3,059,389 shares of the company’s stock, valued at $67,214,776.33. This trade represents a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

FRP Price Performance

FRPH stock opened at $21.94 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.47. FRP Holdings, Inc. has a 12 month low of $20.53 and a 12 month high of $26.49. The firm has a market cap of $421.25 million, a P/E ratio of 1,103.50 and a beta of 0.51. The company’s 50-day moving average price is $23.48 and its two-hundred day moving average price is $22.96.

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

Institutional Trading of FRP

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG boosted its holdings in shares of FRP by 2,000.4% during the 4th quarter. UBS Group AG now owns 143,499 shares of the financial services provider’s stock valued at $3,270,000 after acquiring an additional 136,667 shares in the last quarter. Marshall Wace LLP acquired a new position in FRP in the 4th quarter worth about $1,405,000. Goldman Sachs Group Inc. raised its position in FRP by 59.6% in the first quarter. Goldman Sachs Group Inc. now owns 120,192 shares of the financial services provider’s stock valued at $3,434,000 after purchasing an additional 44,874 shares during the last quarter. Bank of New York Mellon Corp bought a new position in FRP in the second quarter valued at about $1,082,000. Finally, Jane Street Group LLC raised its position in FRP by 64.0% in the fourth quarter. Jane Street Group LLC now owns 57,128 shares of the financial services provider’s stock valued at $1,302,000 after purchasing an additional 22,293 shares during the last quarter. Institutional investors own 45.42% of the company’s stock.

Wall Street Analyst Weigh In

FRPH has been the subject of several recent analyst reports. Wall Street Zen cut FRP from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “sell (d)” rating on shares of FRP in a report on Tuesday, July 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

FRP Company Profile

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.