FRP (NASDAQ:FRPH) Stock Passes Above 200 Day Moving Average – Here’s What Happened

FRP Holdings, Inc. (NASDAQ:FRPH)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.98 and traded as high as $30.82. FRP shares last traded at $30.57, with a volume of 18,557 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut FRP from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

FRP Stock Up 0.0 %

The firm has a market capitalization of $581.75 million, a price-to-earnings ratio of 76.43 and a beta of 0.50. The business has a 50-day moving average price of $30.80 and a 200-day moving average price of $29.98.

FRP (NASDAQ:FRPH) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter. FRP had a net margin of 18.35% and a return on equity of 1.67%. The business had revenue of $10.63 million for the quarter.

Insider Transactions at FRP

In other news, President David H. Devilliers, Jr. sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $31.50, for a total transaction of $78,750.00. Following the sale, the president now directly owns 57,268 shares in the company, valued at $1,803,942. This trade represents a 4.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Martin E. Stein, Jr. sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $31.00, for a total value of $155,000.00. Following the transaction, the director now owns 144,428 shares in the company, valued at $4,477,268. This represents a 3.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,841 shares of company stock worth $339,972 over the last quarter. 22.80% of the stock is currently owned by insiders.

Institutional Trading of FRP

Institutional investors and hedge funds have recently modified their holdings of the stock. R Squared Ltd acquired a new position in shares of FRP during the 4th quarter worth approximately $65,000. JPMorgan Chase & Co. boosted its stake in FRP by 33.0% during the third quarter. JPMorgan Chase & Co. now owns 38,540 shares of the financial services provider’s stock worth $1,151,000 after buying an additional 9,558 shares during the last quarter. Barclays PLC grew its holdings in FRP by 217.5% in the 3rd quarter. Barclays PLC now owns 22,771 shares of the financial services provider’s stock valued at $681,000 after buying an additional 15,599 shares in the last quarter. State Street Corp boosted its position in shares of FRP by 0.4% during the 3rd quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock valued at $8,478,000 after acquiring an additional 1,005 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of FRP by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider’s stock valued at $3,267,000 after purchasing an additional 1,845 shares during the period. Hedge funds and other institutional investors own 45.42% of the company’s stock.

FRP Company Profile

FRP Holdings, Inc engages in the real estate business in the United States. It operates through four segments: Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily. The Industrial and Commercial segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment leases and manages mining royalties owned by the company primarily in Florida, Georgia, and Virginia.