FRP (NASDAQ:FRPH) Releases Earnings Results

FRP (NASDAQ:FRPH) issued its quarterly earnings data on Wednesday. The financial services provider reported ($0.01) earnings per share for the quarter, Zacks reports. FRP had a return on equity of 0.11% and a net margin of 0.22%.

FRP Trading Up 1.9%

FRP stock traded up $0.35 during trading hours on Wednesday, reaching $18.79. The stock had a trading volume of 136,388 shares, compared to its average volume of 78,421. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $360.77 million, a PE ratio of 943.00 and a beta of 0.54. The company has a fifty day simple moving average of $20.60 and a 200-day simple moving average of $22.40. FRP has a 52 week low of $18.22 and a 52 week high of $25.74.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FRPH. Wall Street Zen lowered 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 Monday, October 12th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Insider Activity at FRP

In other news, CEO John D. Baker III acquired 6,800 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average cost of $21.91 per share, with a total value of $148,988.00. Following the transaction, the chief executive officer owned 303,591 shares of the company’s stock, valued at $6,651,678.81. This trade represents a 2.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John D. Baker II purchased 8,189 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was acquired at an average price of $21.97 per share, with a total value of $179,912.33. Following the purchase, the director directly owned 3,059,389 shares of the company’s stock, valued at approximately $67,214,776.33. The trade was a 0.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 15,946 shares of company stock valued at $349,926 in the last three months. Corporate insiders own 24.00% of the company’s stock.

About FRP

FRP Holdings, Inc is a real estate company that owns, develops and manages industrial and commercial properties. The company’s portfolio includes warehouses, distribution facilities, office properties and other income-producing real estate, with a focus on markets in the eastern United States.

FRP Holdings also operates a mining royalties business. Through this segment, the company owns mineral properties and leases them to third-party operators that extract construction aggregates and other materials.