FRP (NASDAQ:FRPH) Cut to Hold at StockNews.com

FRP (NASDAQ:FRPH) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

FRP Stock Up 0.2 %

Shares of NASDAQ:FRPH traded up $0.05 during trading on Tuesday, hitting $29.46. The stock had a trading volume of 16,822 shares, compared to its average volume of 21,676. The company has a market capitalization of $560.33 million, a PE ratio of 95.03 and a beta of 0.47. The firm’s fifty day moving average is $29.52 and its 200 day moving average is $29.53. FRP has a 12 month low of $26.75 and a 12 month high of $32.50.

FRP (NASDAQ:FRPH) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.11 earnings per share for the quarter. FRP had a return on equity of 1.67% and a net margin of 18.12%. The company had revenue of $10.48 million for the quarter.

Insider Buying and Selling

In other news, President David H. Devilliers, Jr. sold 2,280 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $29.53, for a total transaction of $67,328.40. Following the completion of the sale, the president now owns 51,003 shares of the company’s stock, valued at $1,506,118.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other FRP news, President David H. Devilliers, Jr. sold 2,280 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $29.53, for a total value of $67,328.40. Following the completion of the sale, the president now owns 51,003 shares in the company, valued at $1,506,118.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President David H. Devilliers, Jr. sold 4,134 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $30.00, for a total transaction of $124,020.00. Following the completion of the sale, the president now directly owns 62,755 shares of the company’s stock, valued at $1,882,650. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,589 shares of company stock worth $342,079. 22.80% of the stock is owned by insiders.

Institutional Trading of FRP

Several hedge funds have recently bought and sold shares of FRPH. Trust Co. of Vermont increased its stake in FRP by 100.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,700 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 850 shares during the last quarter. BNP Paribas Financial Markets increased its position in FRP by 68.2% in the first quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 1,317 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in FRP during the first quarter valued at $248,000. Sequoia Financial Advisors LLC lifted its position in FRP by 100.0% during the second quarter. Sequoia Financial Advisors LLC now owns 9,218 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 4,609 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of FRP by 116.2% in the 2nd quarter. Hsbc Holdings PLC now owns 9,272 shares of the financial services provider’s stock worth $266,000 after buying an additional 4,983 shares in the last quarter. 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.