FRP (NASDAQ:FRPH) Posts Quarterly Earnings Results

FRP (NASDAQ:FRPH) announced its quarterly earnings data on Wednesday. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $10.96 million during the quarter. FRP had a net margin of 0.22% and a return on equity of 0.11%.

FRP Stock Down 7.8%

Shares of NASDAQ FRPH traded down $1.47 during trading on Thursday, hitting $17.32. The stock had a trading volume of 37,393 shares, compared to its average volume of 78,099. The firm has a fifty day moving average of $20.52 and a two-hundred day moving average of $22.37. The company has a market capitalization of $332.57 million, a PE ratio of 943.00 and a beta of 0.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.19 and a quick ratio of 1.19. FRP has a 12 month low of $17.61 and a 12 month high of $25.74.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FRPH shares. Wall Street Zen cut shares of FRP from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings reissued a “sell (d)” rating on shares of FRP in a research report on Monday, October 12th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, FRP presently has a consensus rating of “Sell”.

Insider Transactions at FRP

In other FRP news, Director John D. Baker II bought 8,189 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were purchased at an average price of $21.97 per share, for a total transaction of $179,912.33. Following the purchase, the director directly owned 3,059,389 shares of the company’s stock, valued at approximately $67,214,776.33. This represents a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John D. Baker III bought 6,800 shares of FRP stock in a transaction dated Friday, August 7th. The stock was acquired at an average cost of $21.91 per share, with a total value of $148,988.00. Following the completion of the acquisition, the chief executive officer owned 303,591 shares of the company’s stock, valued at $6,651,678.81. This represents a 2.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 15,946 shares of company stock worth $349,926 over the last three months. 24.00% of the stock is owned by insiders.

FRP Company Profile

FRP Holdings, Inc is a real estate company that owns, develops and manages industrial and commercial properties. The company’s portfolio includes warehouses, distribution facilities, office properties and other income-producing real estate, with a focus on markets in the eastern United States.

FRP Holdings also operates a mining royalties business. Through this segment, the company owns mineral properties and leases them to third-party operators that extract construction aggregates and other materials.