FRP (NASDAQ:FRPH) CEO John Baker III Buys 6,800 Shares

FRP Holdings, Inc. (NASDAQ:FRPH) CEO John Baker III purchased 6,800 shares of the stock in a transaction on Friday, August 7th. The shares were bought at an average price of $21.91 per share, for a total transaction of $148,988.00. Following the acquisition, the chief executive officer owned 303,591 shares of the company’s stock, valued at approximately $6,651,678.81. The trade was a 2.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

FRP Price Performance

Shares of FRPH opened at $22.12 on Wednesday. The company has a market capitalization of $424.70 million, a PE ratio of 1,082.00 and a beta of 0.51. The company’s fifty day moving average price is $23.70 and its 200 day moving average price is $23.04. FRP Holdings, Inc. has a one year low of $20.53 and a one year high of $26.99.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FRP in a research report on Tuesday, July 14th. Wall Street Zen downgraded shares of FRP from a “hold” rating to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On FRP

A number of institutional investors have recently bought and sold shares of the business. UBS Group AG lifted its holdings in shares of 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 period. HB Wealth Management LLC increased its stake in FRP by 16.8% in the fourth quarter. HB Wealth Management LLC now owns 81,092 shares of the financial services provider’s stock valued at $1,848,000 after acquiring an additional 11,692 shares during the period. CWM LLC increased its stake in FRP by 63.7% in the fourth quarter. CWM LLC now owns 2,488 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 968 shares during the period. SG Americas Securities LLC raised its position in FRP by 6.2% in the fourth quarter. SG Americas Securities LLC now owns 7,337 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 427 shares in the last quarter. Finally, Signaturefd LLC raised its position in FRP by 297.9% in the fourth quarter. Signaturefd LLC now owns 1,154 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 864 shares in the last quarter. Institutional investors and hedge funds own 45.42% of the company’s stock.

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.