FRP (NASDAQ:FRPH) Director Buys $9,999,981.20 in Stock

FRP Holdings, Inc. (NASDAQ:FRPH) Director John Baker II purchased 478,468 shares of FRP stock in a transaction that occurred on Monday, March 23rd. The shares were bought at an average price of $20.90 per share, for a total transaction of $9,999,981.20. Following the transaction, the director directly owned 3,050,243 shares of the company’s stock, valued at $63,750,078.70. This trade represents a 18.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

FRP Price Performance

FRPH stock opened at $21.60 on Friday. FRP Holdings, Inc. has a 1 year low of $20.53 and a 1 year high of $29.69. The firm has a 50-day moving average of $23.26 and a 200 day moving average of $23.62. The company has a market cap of $412.99 million, a P/E ratio of 90.00 and a beta of 0.55.

Hedge Funds Weigh In On FRP

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC lifted its holdings in shares of FRP by 297.9% during the fourth quarter. Signaturefd LLC now owns 1,154 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 864 shares during the last quarter. CWM LLC increased its position in FRP by 86.0% during the 3rd quarter. CWM LLC now owns 1,520 shares of the financial services provider’s stock valued at $37,000 after buying an additional 703 shares in the last quarter. Russell Investments Group Ltd. increased its position in FRP by 42.5% during the 4th quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock valued at $37,000 after buying an additional 484 shares in the last quarter. Focus Partners Wealth purchased a new position in FRP during the third quarter valued at $42,000. Finally, BNP Paribas Financial Markets raised its stake in FRP by 30.0% during the second quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock valued at $60,000 after buying an additional 511 shares during the last quarter. Institutional investors own 45.42% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of FRP in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

FRP Company Profile

FRP Holdings, Inc (NASDAQ: FRPH) is an industrial services holding company that provides asset integrity and life-extension solutions to heavy-industry clients. Through its operating subsidiaries, FRP offers a broad suite of non-destructive testing (NDT), inspection services, mechanical maintenance, protective coatings, thermal spray and surface-preparation services. These offerings help clients maintain and extend the service life of critical equipment and infrastructure across multiple sectors.

The company’s core activities include ultrasonic, radiographic and magnetic-particle testing, site-based inspections, welding and fabrication support, and specialized coating applications designed to withstand extreme environments.