Insider Buying: FRP (NASDAQ:FRPH) Director Acquires $21,025.29 in Stock

FRP Holdings, Inc. (NASDAQ:FRPH) Director John Baker II purchased 957 shares of the stock in a transaction on Monday, August 17th. The shares were bought at an average price of $21.97 per share, for a total transaction of $21,025.29. Following the acquisition, the director owned 3,051,200 shares of the company’s stock, valued at approximately $67,034,864. The trade was a 0.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

FRP Trading Down 0.6%

NASDAQ:FRPH opened at $21.94 on Friday. The company’s 50 day moving average is $23.48 and its 200-day moving average is $22.96. 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 price-to-earnings ratio of 1,103.50 and a beta of 0.51.

FRP (NASDAQ:FRPH) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.01) earnings per share (EPS) 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wall Street Zen downgraded 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 note on Tuesday, July 14th. 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”.

Institutional Investors Weigh In On FRP

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its stake in FRP by 42.5% during the 4th quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 484 shares during the last quarter. Focus Partners Wealth acquired a new stake in FRP in the 3rd quarter worth $42,000. CWM LLC grew its position in FRP by 63.7% in the 4th quarter. CWM LLC now owns 2,488 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 968 shares during the last quarter. BNP Paribas Financial Markets increased 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 worth $60,000 after purchasing an additional 511 shares during the period. Finally, Tower Research Capital LLC TRC increased 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 worth $70,000 after purchasing an additional 2,184 shares during the period. Institutional investors and hedge funds own 45.42% of the company’s stock.

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.