Weiss Ratings Reiterates "Sell (D)" Rating for FRP (NASDAQ:FRPH)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D)" rating for FRP Holdings, Inc. (NASDAQ:FRPH) in a recent research report issued to investors.
• As of Wednesday, FRP’s stock opened at $23.97, with a market capitalization of $458.07 million and a 52-week price range between $23.52 and $33.00.
• Hedge funds and institutional investors have been active, with notable increases in stakes, such as BNP Paribas growing its position by 30% during the second quarter.

FRP (NASDAQ:FRPH - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

FRP Stock Performance

FRPH opened at $23.97 on Wednesday. FRP has a 52-week low of $23.52 and a 52-week high of $33.00. The stock has a market capitalization of $458.07 million, a PE ratio of 85.61 and a beta of 0.62. The stock's 50 day moving average price is $25.30 and its 200-day moving average price is $26.54.

FRP (NASDAQ:FRPH - Get Free Report) last posted its earnings results on Wednesday, August 6th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter. FRP had a return on equity of 1.15% and a net margin of 12.59%.

Institutional Investors Weigh In On FRP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in FRP by 30.0% in the second quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider's stock worth $60,000 after purchasing an additional 511 shares during the period. Tower Research Capital LLC TRC grew its stake in FRP by 517.5% in 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 during the period. Strs Ohio purchased a new stake in FRP in the first quarter worth $74,000. GAMMA Investing LLC grew its stake in FRP by 4,597.0% in the first quarter. GAMMA Investing LLC now owns 6,200 shares of the financial services provider's stock worth $177,000 after purchasing an additional 6,068 shares during the period. Finally, Franklin Resources Inc. grew its stake in FRP by 27.2% in the second quarter. Franklin Resources Inc. now owns 9,499 shares of the financial services provider's stock worth $255,000 after purchasing an additional 2,034 shares during the period. 45.42% of the stock is owned by hedge funds and other institutional investors.

About FRP

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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