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

Key Points

• FRP Holdings director John Baker II purchased 8,189 shares at an average price of $21.97, investing approximately $179,912. The transaction increased his direct ownership by 0.27% to 3.06 million shares.
• FRPH shares traded around $22.01, near the lower end of their 52-week range of $20.53 to $26.49. The company reported a quarterly loss of $0.01 per share on revenue of $11.08 million.
• Analyst sentiment remains negative: Weiss Ratings maintained a sell rating, Wall Street Zen downgraded the stock to sell, and the overall analyst consensus is “Sell.”

FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) 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 - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source