FRP Holdings Inc (NASDAQ:FRPH) VP David H. Devilliers III sold 1,000 shares of FRP stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $44.72, for a total value of $44,720.00. Following the sale, the vice president now owns 7,197 shares of the company's stock, valued at approximately $321,849.84. The transaction was disclosed in a document filed with the SEC, which is available at this link.
NASDAQ:FRPH traded down $1.47 during mid-day trading on Wednesday, reaching $42.43. The company's stock had a trading volume of 339 shares, compared to its average volume of 29,411. The company's fifty day simple moving average is $41.78 and its two-hundred day simple moving average is $45.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.24 and a quick ratio of 0.24. FRP Holdings Inc has a twelve month low of $30.00 and a twelve month high of $60.89. The stock has a market cap of $423.82 million, a P/E ratio of 27.94 and a beta of 0.62.
FRPH has been the subject of a number of recent research reports. ValuEngine cut FRP from a "hold" rating to a "sell" rating in a research report on Tuesday, March 24th. BidaskClub cut FRP from a "buy" rating to a "hold" rating in a research report on Thursday, April 23rd.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. boosted its stake in FRP by 2.0% in the 1st quarter. BlackRock Inc. now owns 542,747 shares of the financial services provider's stock worth $23,337,000 after buying an additional 10,817 shares during the last quarter. Royce & Associates LP boosted its position in FRP by 1.3% during the 4th quarter. Royce & Associates LP now owns 479,818 shares of the financial services provider's stock worth $23,900,000 after acquiring an additional 6,085 shares during the period. Hyman Charles D boosted its position in FRP by 1.1% during the 1st quarter. Hyman Charles D now owns 457,567 shares of the financial services provider's stock worth $19,675,000 after acquiring an additional 4,998 shares during the period. Fenimore Asset Management Inc. boosted its position in FRP by 0.6% during the 1st quarter. Fenimore Asset Management Inc. now owns 185,861 shares of the financial services provider's stock worth $7,992,000 after acquiring an additional 1,065 shares during the period. Finally, State Street Corp boosted its position in FRP by 4.5% during the 4th quarter. State Street Corp now owns 150,325 shares of the financial services provider's stock worth $7,488,000 after acquiring an additional 6,529 shares during the period. 46.01% of the stock is currently owned by hedge funds and other institutional investors.
FRP Holdings, Inc, through its subsidiaries, engages in various real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture. The Asset Management segment owns, leases, and manages commercial properties.
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5 Travel Company Stocks Likely to Suffer From the Coronavirus
How important is the global travel and tourism industry? It’s a sector that accounts for about 10% of the world’s adult workforce. That’s 350 million people. The industry also accounts for at least 4% of the global gross domestic product (GDP).
In short, it’s an industry that accounts for trillions of dollars for the economy. And it relies on the most visible workers like pilots and cruise ship captains to the kitchen and housecleaning staff and servers. The travel industry is in many ways a service industry. But when there’s nobody to service, these businesses take a tumble.
And tumble it has. The world is going through a period of enforced social distancing. Many countries are taking even more extreme measures to lock down parts, or all, of their countries in an effort to contain the spread of the coronavirus and to flatten the curve to prevent healthcare workers and hospitals from being overwhelmed.
But that means fewer people are flying. Planned vacations are being canceled. And all of this is bad news for a sector that relies on the mobility of global travelers.
To be fair, the best of these companies should recover just fine. However, some of these companies had fundamental concerns that will be magnified by the loss of revenue.
View the "5 Travel Company Stocks Likely to Suffer From the Coronavirus".