FRP (NASDAQ:FRPH) CEO John Baker III Buys 4,172 Shares of Stock

Key Points

• CEO John Baker III bought 4,172 FRP shares at an average price of $18.80, spending about $78,434 and increasing his stake by 1.37% to 308,854 shares.
• FRP shares fell 2.4% to $18.45 on Thursday. The company reported a quarterly loss of $0.01 per share on revenue of $10.96 million.
• Analyst sentiment is negative: the stock has a consensus rating of Sell, based on the reports cited in the article.

FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) CEO John Baker III bought 4,172 shares of the business's stock in a transaction dated Wednesday, November 11th. The stock was bought at an average cost of $18.80 per share, for a total transaction of $78,433.60. Following the completion of the purchase, the chief executive officer owned 308,854 shares of the company's stock, valued at approximately $5,806,455.20. The trade was a 1.37% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

FRP Stock Down 2.4%

Shares of NASDAQ:FRPH traded down $0.45 on Thursday, hitting $18.45. 85,655 shares of the company traded hands, compared to its average volume of 80,497. The stock has a 50 day simple moving average of $20.20 and a 200-day simple moving average of $22.25. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.47. The company has a market cap of $354.24 million, a PE ratio of -461.25 and a beta of 0.54. FRP Holdings, Inc. has a 52 week low of $17.29 and a 52 week high of $25.74.

FRP (NASDAQ:FRPH - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter. FRP had a negative return on equity of 0.07% and a negative net margin of 1.68%. The firm had revenue of $10.96 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FRPH. Oppenheimer & Close LLC increased its holdings in FRP by 56.4% in the 3rd quarter. Oppenheimer & Close LLC now owns 213,406 shares of the financial services provider's stock worth $4,441,000 after buying an additional 76,959 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of FRP by 0.8% during the 2nd quarter. HB Wealth Management LLC now owns 84,751 shares of the financial services provider's stock valued at $2,118,000 after acquiring an additional 633 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of FRP by 13.5% during the 1st quarter. Quantinno Capital Management LP now owns 80,364 shares of the financial services provider's stock valued at $1,758,000 after acquiring an additional 9,560 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of FRP during the 2nd quarter valued at about $1,082,000. Finally, Bank of America Corp DE grew its stake in shares of FRP by 36.8% in the first quarter. Bank of America Corp DE now owns 21,982 shares of the financial services provider's stock worth $481,000 after acquiring an additional 5,910 shares during the period. 45.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FRPH shares. Wall Street Zen cut shares of FRP from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Weiss Ratings restated a "sell (d)" rating on shares of FRP in a report on Monday, October 12th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of "Sell".

FRP Company Profile

FRP Holdings, Inc. is a real estate company that acquires, develops, owns and manages commercial and residential properties. Its portfolio includes industrial and commercial properties, multifamily communities, and land held for development. The company also holds mining royalty interests, earning income from land used by mining operators. These activities reflect FRP's roots as Florida Rock Properties, the name under which the company previously operated. FRP serves markets primarily in the eastern United States, with real estate and development activities across several regions.

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