FRP (NASDAQ:FRPH) CEO Purchases $20,707.18 in Stock

FRP Holdings, Inc. (NASDAQ:FRPH) CEO John Baker III purchased 1,091 shares of the stock in a transaction on Tuesday, November 10th. The shares were purchased at an average price of $18.98 per share, for a total transaction of $20,707.18. Following the transaction, the chief executive officer directly owned 304,682 shares of the company’s stock, valued at approximately $5,782,864.36. This represents a 0.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

FRP Price Performance

FRPH stock traded down $0.45 during mid-day trading on Thursday, hitting $18.45. 85,655 shares of the stock were exchanged, compared to its average volume of 80,497. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.19 and a quick ratio of 1.19. The business has a fifty day moving average price of $20.20 and a 200 day moving average price of $22.25. FRP Holdings, Inc. has a 12 month low of $17.29 and a 12 month high of $25.74. The stock has a market capitalization of $354.24 million, a price-to-earnings ratio of -461.25 and a beta of 0.54.

FRP (NASDAQ:FRPH) last posted its quarterly earnings data on Wednesday, November 4th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $10.96 million during the quarter. FRP had a negative return on equity of 0.07% and a negative net margin of 1.68%.

Institutional Investors Weigh In On FRP

Hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp grew its holdings in FRP by 8,350.0% in the third quarter. Fifth Third Bancorp now owns 2,197 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 2,171 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of FRP by 30.7% during the first quarter. PNC Financial Services Group Inc. now owns 5,555 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 1,306 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of FRP by 5.0% during the second quarter. Sequoia Financial Advisors LLC now owns 10,547 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 503 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of FRP by 36.8% during the first quarter. Bank of America Corp DE now owns 21,982 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 5,910 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of FRP in the 2nd quarter worth approximately $1,082,000. Institutional investors own 45.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of FRP in a report on Monday, October 12th. Wall Street Zen downgraded FRP from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has an average rating of “Sell”.

FRP Company Profile

FRP Holdings, Inc. is a real estate company that acquires, develops, owns and manages commercial and residential properties. Its portfolio includes industrial and commercial properties, multifamily communities, and land held for development. The company also holds mining royalty interests, earning income from land used by mining operators. These activities reflect FRP’s roots as Florida Rock Properties, the name under which the company previously operated. FRP serves markets primarily in the eastern United States, with real estate and development activities across several regions.