FRP (NASDAQ:FRPH) Reaches New 1-Year Low - What's Next?

Key Points

• FRP Holdings, Inc. shares reached a new 52-week low at $24.72, indicating a drop of 7.0% with a closing price of $24.75.
• The company reported a net margin of 12.59% and a P/E ratio of 88.39, following its earnings of $0.03 per share.
• Approximately 45.42% of FRP's shares are currently owned by hedge funds and other institutional investors, reflecting a significant level of institutional interest.

FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $24.72 and last traded at $24.75, with a volume of 68784 shares changing hands. The stock had previously closed at $26.60.

FRP Trading Down 7.0%

The stock's fifty day moving average price is $26.98 and its two-hundred day moving average price is $28.08. The stock has a market capitalization of $472.48 million, a P/E ratio of 88.39 and a beta of 0.63.

FRP (NASDAQ:FRPH - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.03 earnings per share for the quarter. FRP had a net margin of 12.59% and a return on equity of 1.14%.

Hedge Funds Weigh In On FRP

A number of hedge funds have recently modified their holdings of the business. American Century Companies Inc. increased its stake in FRP by 4.6% in the fourth quarter. American Century Companies Inc. now owns 13,328 shares of the financial services provider's stock valued at $408,000 after purchasing an additional 592 shares during the last quarter. Epacria Capital Partners LLC boosted its holdings in FRP by 1.8% in the fourth quarter. Epacria Capital Partners LLC now owns 46,828 shares of the financial services provider's stock valued at $1,434,000 after purchasing an additional 806 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in FRP by 9.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,586 shares of the financial services provider's stock worth $417,000 after buying an additional 1,159 shares during the last quarter. Salem Investment Counselors Inc. increased its position in FRP by 1.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 111,434 shares of the financial services provider's stock valued at $3,184,000 after acquiring an additional 1,250 shares during the period. Finally, Deutsche Bank AG increased its position in shares of FRP by 22.4% during the 4th quarter. Deutsche Bank AG now owns 7,699 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 1,409 shares during the period. 45.42% of the stock is currently owned by hedge funds and other institutional investors.

FRP Company Profile

FRP Holdings, Inc engages in the real estate business in the United States. It operates through four segments: Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily. The Industrial and Commercial segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment leases and manages mining royalties owned by the company primarily in Florida, Georgia, and Virginia.

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