FRP (NASDAQ:FRPH) Rating Lowered to "Sell" at Wall Street Zen

Key Points

• FRP Holdings was downgraded to “Sell” from “Hold” by Wall Street Zen, while Weiss Ratings reiterated its “sell (d)” rating; MarketBeat reports a consensus “Sell” rating.
• FRPH shares opened at $21.92, with a $420.21 million market capitalization, a 548.00 price-to-earnings ratio, and a 52-week range of $20.53 to $26.99.
• The company reported a quarterly loss of $0.01 per share on $11.08 million in revenue, while institutional investors and hedge funds own 45.42% of its stock.

FRP (NASDAQ:FRPH - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of FRP in a research note on Tuesday, July 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of "Sell".

FRP Stock Up 3.4%

Shares of FRPH opened at $21.92 on Friday. The firm has a market capitalization of $420.21 million, a PE ratio of 548.00 and a beta of 0.51. The firm has a 50-day moving average price of $23.75 and a 200 day moving average price of $23.07. FRP has a 52-week low of $20.53 and a 52-week high of $26.99.

FRP (NASDAQ:FRPH - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($0.01) EPS for the quarter. The company 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 Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FRPH. Intrepid Capital Management Inc. lifted its holdings in FRP by 0.3% in the 3rd quarter. Intrepid Capital Management Inc. now owns 176,510 shares of the financial services provider's stock valued at $4,300,000 after acquiring an additional 570 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of FRP by 8.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 155,462 shares of the financial services provider's stock worth $3,543,000 after purchasing an additional 12,427 shares during the last quarter. UBS Group AG raised its holdings in shares of FRP by 2,000.4% in the 4th quarter. UBS Group AG now owns 143,499 shares of the financial services provider's stock worth $3,270,000 after purchasing an additional 136,667 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of FRP by 23.7% in the 4th quarter. Renaissance Technologies LLC now owns 99,548 shares of the financial services provider's stock worth $2,269,000 after purchasing an additional 19,048 shares in the last quarter. Finally, HB Wealth Management LLC raised its holdings in shares of FRP by 3.7% in the 1st quarter. HB Wealth Management LLC now owns 84,118 shares of the financial services provider's stock worth $1,841,000 after purchasing an additional 3,026 shares in the last quarter. 45.42% of the stock is owned by institutional investors and hedge funds.

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.

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