FRP (NASDAQ:FRPH) Shares Cross Above 200 Day Moving Average of $50.03

FRP Holdings Inc (NASDAQ:FRPH) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $50.03 and traded as high as $50.90. FRP shares last traded at $50.90, with a volume of 225 shares changing hands.

FRPH has been the subject of a number of research analyst reports. ValuEngine raised shares of FRP from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. BidaskClub raised shares of FRP from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th.

The company has a market capitalization of $497.65 million, a price-to-earnings ratio of 75.91 and a beta of 0.72. The stock’s fifty day simple moving average is $50.40 and its two-hundred day simple moving average is $50.03.

In other FRP news, insider John D. Milton, Jr. sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $49.69, for a total transaction of $99,380.00. Following the sale, the insider now owns 1,931 shares in the company, valued at approximately $95,951.39. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider John D. Milton, Jr. sold 2,500 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $46.64, for a total value of $116,600.00. Following the sale, the insider now owns 2,500 shares in the company, valued at approximately $116,600. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of FRPH. First Manhattan Co. boosted its holdings in FRP by 145.2% in the second quarter. First Manhattan Co. now owns 17,734 shares of the financial services provider’s stock worth $989,000 after acquiring an additional 10,501 shares in the last quarter. BlackRock Inc. boosted its holdings in FRP by 1.6% in the second quarter. BlackRock Inc. now owns 522,331 shares of the financial services provider’s stock worth $29,130,000 after acquiring an additional 8,229 shares in the last quarter. Intrepid Capital Management Inc. boosted its holdings in FRP by 1.2% in the second quarter. Intrepid Capital Management Inc. now owns 121,081 shares of the financial services provider’s stock worth $6,753,000 after acquiring an additional 1,416 shares in the last quarter. Ancora Advisors LLC boosted its holdings in FRP by 41.4% in the second quarter. Ancora Advisors LLC now owns 9,591 shares of the financial services provider’s stock worth $535,000 after acquiring an additional 2,810 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in FRP by 1.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 39,451 shares of the financial services provider’s stock worth $2,201,000 after acquiring an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 47.77% of the company’s stock.

About FRP (NASDAQ:FRPH)

FRP Holdings, Inc, through its subsidiaries, engages in various real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture. The Asset Management segment owns, leases, and manages commercial properties.

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