Shares of FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.52 and traded as high as $30.99. FRP shares last traded at $30.13, with a volume of 24,445 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered FRP from a "buy" rating to a "hold" rating in a research note on Tuesday.
Get Our Latest Stock Report on FRP
FRP Stock Performance
The company has a fifty day simple moving average of $30.08 and a two-hundred day simple moving average of $29.52. The company has a market capitalization of $577.98 million, a price-to-earnings ratio of 110.62 and a beta of 0.57.
FRP (NASDAQ:FRPH - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The financial services provider reported $0.15 earnings per share for the quarter. The company had revenue of $10.11 million during the quarter. FRP had a return on equity of 1.19% and a net margin of 12.77%.
Institutional Trading of FRP
A number of institutional investors and hedge funds have recently made changes to their positions in FRPH. LB Partners LLC acquired a new stake in shares of FRP during the 4th quarter worth $3,955,000. Russell Investments Group Ltd. increased its holdings in FRP by 17,245.5% in the 4th quarter. Russell Investments Group Ltd. now owns 13,356 shares of the financial services provider's stock valued at $840,000 after purchasing an additional 13,279 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in FRP by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 534,826 shares of the financial services provider's stock valued at $33,630,000 after purchasing an additional 10,860 shares in the last quarter. Sprott Inc. increased its holdings in FRP by 8.0% in the 3rd quarter. Sprott Inc. now owns 135,000 shares of the financial services provider's stock valued at $7,286,000 after purchasing an additional 10,000 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in FRP in the 3rd quarter valued at $328,000. 45.42% of the stock is currently owned by institutional investors and hedge funds.
FRP Company Profile
(
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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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