Insider Buying: FRP (NASDAQ:FRPH) Director Acquires $179,912.33 in Stock

FRP Holdings, Inc. (NASDAQ:FRPH) Director John Baker II purchased 8,189 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were bought at an average cost of $21.97 per share, for a total transaction of $179,912.33. Following the completion of the purchase, the director directly owned 3,059,389 shares of the company’s stock, valued at $67,214,776.33. The trade was a 0.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

FRP Price Performance

Shares of FRP stock traded up $0.08 during midday trading on Tuesday, reaching $22.01. The company had a trading volume of 89,123 shares, compared to its average volume of 68,337. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $23.59 and a 200 day simple moving average of $23.00. FRP Holdings, Inc. has a 1-year low of $20.53 and a 1-year high of $26.49. The company has a market capitalization of $422.59 million, a price-to-earnings ratio of 1,107.00 and a beta of 0.51.

FRP (NASDAQ:FRPH) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $11.08 million for the quarter. FRP had a return on equity of 0.11% and a net margin of 0.22%.

Institutional Investors Weigh In On FRP

A number of institutional investors have recently made changes to their positions in FRPH. UBS Group AG boosted its stake in FRP by 2,000.4% during the 4th quarter. UBS Group AG now owns 143,499 shares of the financial services provider’s stock worth $3,270,000 after acquiring an additional 136,667 shares during the last quarter. GSA Capital Partners LLP increased its stake in FRP by 11.9% in the fourth quarter. GSA Capital Partners LLP now owns 40,306 shares of the financial services provider’s stock valued at $919,000 after purchasing an additional 4,300 shares in the last quarter. CWM LLC raised its holdings in FRP by 63.7% in the fourth quarter. CWM LLC now owns 2,488 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 968 shares during the period. HB Wealth Management LLC boosted its position in shares of FRP by 16.8% during the fourth quarter. HB Wealth Management LLC now owns 81,092 shares of the financial services provider’s stock worth $1,848,000 after purchasing an additional 11,692 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of FRP by 517.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,606 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 2,184 shares in the last quarter. 45.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of FRP in a report on Tuesday, July 14th. Wall Street Zen cut shares of FRP from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

About FRP

FRP Holdings, Inc (NASDAQ: FRPH) is an industrial services holding company that provides asset integrity and life-extension solutions to heavy-industry clients. Through its operating subsidiaries, FRP offers a broad suite of non-destructive testing (NDT), inspection services, mechanical maintenance, protective coatings, thermal spray and surface-preparation services. These offerings help clients maintain and extend the service life of critical equipment and infrastructure across multiple sectors.

The company’s core activities include ultrasonic, radiographic and magnetic-particle testing, site-based inspections, welding and fabrication support, and specialized coating applications designed to withstand extreme environments.