FRP Advisory Group (LON:FRP) Hits New 12-Month High – Here’s Why

FRP Advisory Group plc (LON:FRP)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 155 ($2.01) and last traded at GBX 143.85 ($1.87), with a volume of 359218 shares traded. The stock had previously closed at GBX 142 ($1.84).

FRP Advisory Group Price Performance

The stock has a market cap of £352.61 million, a P/E ratio of 1,598.22 and a beta of 0.48. The company’s 50 day moving average price is GBX 141.35 and its 200-day moving average price is GBX 133.34. The company has a quick ratio of 2.12, a current ratio of 2.68 and a debt-to-equity ratio of 14.51.

FRP Advisory Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be given a dividend of GBX 0.95 ($0.01) per share. The ex-dividend date is Thursday, November 21st. This represents a dividend yield of 0.65%. FRP Advisory Group’s payout ratio is 5,555.56%.

Insider Transactions at FRP Advisory Group

In related news, insider David Chubb sold 35,000 shares of FRP Advisory Group stock in a transaction on Thursday, October 10th. The stock was sold at an average price of GBX 140 ($1.82), for a total transaction of £49,000 ($63,545.58). Insiders own 10.82% of the company’s stock.

FRP Advisory Group Company Profile

FRP Advisory Group plc, together with its subsidiaries, provides business advisory services to companies, lenders, investors, individuals, and other stakeholders. The company’s services include corporate finance advisory services comprising mergers and acquisitions (M&A), strategic advisory and valuations, capital raising, special situations M&A, partial exits, and financial due diligence; and debt advisory services, such as asset based lending, raising and refinancing debt, debt amendments and extensions, restructuring debt, and corporate and leveraged debt advisory.