FRP (NASDAQ:FRPH) CEO John Baker III Acquires 1,091 Shares of Company Stock

FRP Holdings, Inc. (NASDAQ:FRPH) CEO John Baker III bought 1,091 shares of the stock in a transaction dated Tuesday, November 10th. The stock was acquired at an average price of $18.98 per share, with a total value of $20,707.18. Following the completion of the purchase, the chief executive officer owned 304,682 shares of the company’s stock, valued at $5,782,864.36. This represents a 0.36% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

FRP Stock Performance

FRP stock opened at $18.45 on Friday. The stock has a 50-day simple moving average of $20.13 and a 200 day simple moving average of $22.22. 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 $17.29 and a 12-month high of $25.74. The stock has a market capitalization of $354.24 million, a price-to-earnings ratio of -461.25 and a beta of 0.54.

FRP (NASDAQ:FRPH) last issued its quarterly earnings data on Wednesday, November 4th. The financial services provider reported ($0.01) EPS for the quarter. FRP had a negative return on equity of 0.07% and a negative net margin of 1.68%. The company had revenue of $10.96 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FRPH. Fifth Third Bancorp increased its holdings in FRP by 8,350.0% during the third quarter. Fifth Third Bancorp now owns 2,197 shares of the financial services provider’s stock worth $46,000 after buying an additional 2,171 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of FRP by 30.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,555 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 1,306 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of FRP by 5.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,547 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 503 shares during the period. Bank of America Corp DE lifted its stake in FRP by 36.8% in the 1st quarter. Bank of America Corp DE now owns 21,982 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 5,910 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in FRP in the 2nd quarter valued at about $1,082,000. 45.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FRPH has been the topic of a number of research reports. Wall Street Zen downgraded shares of FRP from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings reissued a “sell (d)” rating on shares of FRP in a research note on Monday, October 12th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

About FRP

FRP Holdings, Inc. is a real estate company that acquires, develops, owns and manages commercial and residential properties. Its portfolio includes industrial and commercial properties, multifamily communities, and land held for development. The company also holds mining royalty interests, earning income from land used by mining operators. These activities reflect FRP’s roots as Florida Rock Properties, the name under which the company previously operated. FRP serves markets primarily in the eastern United States, with real estate and development activities across several regions.