FRP (NASDAQ:FRPH) Director Purchases 957 Shares of Stock

Key Points

• Director John Baker II purchased 957 FRP shares at an average price of $21.97, investing $21,025.29 and increasing his direct ownership to 3,051,200 shares.
• FRP shares rose 0.4% to $22.01, while the company reported quarterly revenue of $11.08 million and a loss of $0.01 per share.
• Analyst sentiment remains negative: FRP has a consensus “Sell” rating, while institutional investors and hedge funds own 45.42% of the company.

FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) Director John Baker II acquired 957 shares of the stock in a transaction dated Monday, August 17th. The stock was acquired at an average cost of $21.97 per share, with a total value of $21,025.29. Following the transaction, the director directly owned 3,051,200 shares in the company, valued at approximately $67,034,864. This represents a 0.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FRP Stock Up 0.4%

FRPH stock traded up $0.08 on Tuesday, hitting $22.01. 89,123 shares of the company's stock were exchanged, compared to its average volume of 68,337. The firm has a 50 day moving average price of $23.59 and a two-hundred day moving average price of $23.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.19 and a current ratio of 1.19. FRP Holdings, Inc. has a 12-month low of $20.53 and a 12-month high of $26.49. The stock has a market cap of $422.59 million, a P/E ratio of 1,107.00 and a beta of 0.51.

FRP (NASDAQ:FRPH - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($0.01) earnings per share for the quarter. FRP had a return on equity of 0.11% and a net margin of 0.22%.The business had revenue of $11.08 million during the quarter.

Hedge Funds Weigh In On FRP

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its position in FRP by 42.5% during the 4th quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider's stock worth $37,000 after buying an additional 484 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of FRP in the 3rd quarter valued at $42,000. BNP Paribas Financial Markets increased its stake in shares of FRP by 30.0% in the second quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider's stock worth $60,000 after acquiring an additional 511 shares during the period. CWM LLC increased its stake in shares of 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 acquiring an additional 968 shares during the period. Finally, Strs Ohio acquired a new stake in shares of FRP in the first quarter worth $74,000. Institutional investors and hedge funds own 45.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Weiss Ratings reiterated a "sell (d)" rating on shares of FRP in a research note on Tuesday, July 14th. Wall Street Zen cut shares of FRP from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of "Sell".

FRP Company Profile

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.

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