Insider Buying: FRP (NASDAQ:FRPH) CEO Acquires $20,707.18 in Stock

Key Points

• CEO John Baker III purchased 1,091 FRP shares at an average price of $18.98, spending $20,707.18. He now directly owns 304,682 shares.
• FRP reported quarterly revenue of $10.96 million and a loss of $0.01 per share; its net margin was negative 1.68%.
• Analyst sentiment is negative: the stock has an average “Sell” rating. Shares traded at $18.45, below their 50-day and 200-day moving averages.

FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) CEO John Baker III bought 1,091 shares of the firm's stock in a transaction that occurred on Tuesday, November 10th. The shares were purchased at an average cost of $18.98 per share, for a total transaction of $20,707.18. Following the acquisition, the chief executive officer directly owned 304,682 shares in the company, valued at $5,782,864.36. This trade represents a 0.36% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

FRP Price Performance

NASDAQ:FRPH traded down $0.45 during trading hours on Thursday, hitting $18.45. The stock had a trading volume of 85,655 shares, compared to its average volume of 80,497. The company has a 50 day simple moving average of $20.20 and a two-hundred day simple moving average of $22.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.19 and a quick ratio of 1.19. FRP Holdings, Inc. has a one year low of $17.29 and a one year high of $25.74. The firm has a market capitalization of $354.24 million, a price-to-earnings ratio of -461.25 and a beta of 0.54.

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

Analyst Ratings Changes

Several research firms recently issued reports on FRPH. Wall Street Zen lowered FRP from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Weiss Ratings restated a "sell (d)" rating on shares of FRP in a research note on Monday, October 12th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, FRP presently has an average rating of "Sell".

Institutional Investors Weigh In On FRP

A number of institutional investors and hedge funds have recently bought and sold shares of FRPH. Sequoia Financial Advisors LLC lifted its position in FRP by 5.0% during the second quarter. Sequoia Financial Advisors LLC now owns 10,547 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 503 shares during the last quarter. HB Wealth Management LLC grew its stake in FRP by 0.8% in the 2nd quarter. HB Wealth Management LLC now owns 84,751 shares of the financial services provider's stock worth $2,118,000 after buying an additional 633 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of FRP by 30.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,555 shares of the financial services provider's stock worth $122,000 after buying an additional 1,306 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of FRP by 8,350.0% in the 3rd quarter. Fifth Third Bancorp now owns 2,197 shares of the financial services provider's stock worth $46,000 after buying an additional 2,171 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of FRP by 36.8% during the 1st quarter. Bank of America Corp DE now owns 21,982 shares of the financial services provider's stock valued at $481,000 after buying an additional 5,910 shares in the last quarter. 45.42% of the stock is owned by hedge funds and other institutional investors.

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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