FRP (NASDAQ:FRPH) Share Price Crosses Above 200 Day Moving Average of $49.77

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Shares of FRP Holdings Inc (NASDAQ:FRPH) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $49.77 and traded as high as $50.76. FRP shares last traded at $49.90, with a volume of 35 shares trading hands.

Separately, BidaskClub cut FRP from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

The business’s 50 day moving average is $50.69 and its two-hundred day moving average is $49.77. The company has a quick ratio of 27.61, a current ratio of 27.61 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $490.20 million, a P/E ratio of 76.77 and a beta of 0.68.

FRP (NASDAQ:FRPH) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.19 earnings per share for the quarter. FRP had a net margin of 61.11% and a return on equity of 1.79%. The business had revenue of $5.88 million for the quarter.

In other FRP news, EVP John D. Milton, Jr. sold 649 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $51.50, for a total value of $33,423.50. Following the sale, the executive vice president now directly owns 649 shares in the company, valued at $33,423.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Milton, Jr. sold 1,500 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $50.39, for a total transaction of $75,585.00. Following the completion of the sale, the executive vice president now owns 1,500 shares in the company, valued at $75,585. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,560 shares of company stock worth $129,978. Company insiders own 17.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of FRPH. Bank of Montreal Can raised its position in FRP by 59,200.0% in the second quarter. Bank of Montreal Can now owns 593 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 592 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in FRP in the second quarter worth about $27,000. Charles Schwab Investment Management Inc. raised its position in FRP by 1.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 39,451 shares of the financial services provider’s stock worth $2,201,000 after acquiring an additional 392 shares in the last quarter. Ancora Advisors LLC raised its position in FRP by 41.4% in the second quarter. Ancora Advisors LLC now owns 9,591 shares of the financial services provider’s stock worth $535,000 after acquiring an additional 2,810 shares in the last quarter. Finally, Intrepid Capital Management Inc. raised its position in FRP by 1.2% in the second quarter. Intrepid Capital Management Inc. now owns 121,081 shares of the financial services provider’s stock worth $6,753,000 after acquiring an additional 1,416 shares in the last quarter. Hedge funds and other institutional investors own 46.95% of the company’s stock.

FRP Company Profile (NASDAQ:FRPH)

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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