FRP (FRPH) Downgraded by BidaskClub to Sell

BidaskClub cut shares of FRP (NASDAQ:FRPH) from a hold rating to a sell rating in a report released on Friday morning.

Separately, ValuEngine downgraded shares of FRP from a buy rating to a hold rating in a research report on Tuesday, October 2nd.

Shares of FRPH opened at $46.82 on Friday. FRP has a one year low of $41.90 and a one year high of $67.70. The stock has a market capitalization of $484.78 million, a PE ratio of 130.03 and a beta of 0.64. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.23.

FRP (NASDAQ:FRPH) last announced its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.20 EPS for the quarter. FRP had a net margin of 376.58% and a return on equity of 1.39%. The company had revenue of $5.74 million during the quarter.

In other news, insider John D. Klopfenstein sold 1,415 shares of FRP stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $64.50, for a total value of $91,267.50. Following the completion of the transaction, the insider now owns 1,415 shares of the company’s stock, valued at approximately $91,267.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 17.31% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of FRP by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 421,039 shares of the financial services provider’s stock worth $27,262,000 after buying an additional 17,657 shares during the last quarter. Northern Trust Corp lifted its stake in shares of FRP by 14.6% during the 2nd quarter. Northern Trust Corp now owns 90,880 shares of the financial services provider’s stock worth $5,884,000 after buying an additional 11,579 shares during the last quarter. FMR LLC lifted its stake in shares of FRP by 721.8% during the 2nd quarter. FMR LLC now owns 48,767 shares of the financial services provider’s stock worth $3,158,000 after buying an additional 42,833 shares during the last quarter. Royce & Associates LP lifted its stake in shares of FRP by 0.3% during the 2nd quarter. Royce & Associates LP now owns 715,048 shares of the financial services provider’s stock worth $46,299,000 after buying an additional 2,340 shares during the last quarter. Finally, Swiss National Bank acquired a new stake in shares of FRP during the 2nd quarter worth about $790,000. 49.38% of the stock is owned by institutional investors.

FRP Company Profile

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, Land Development and Construction, and RiverFront on the Anacostia. The Asset Management segment owns, leases, and manages warehouses and office buildings primarily located in the Baltimore, northern Virginia, and Washington, DC market areas.

Further Reading: Marijuana Stocks

Receive News & Ratings for FRP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FRP and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit