FRP (FRPH) Downgraded by BidaskClub to Sell
FRP (NASDAQ:FRPH) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.
Shares of FRP (NASDAQ FRPH) opened at $42.35 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.76. FRP has a 52 week low of $35.80 and a 52 week high of $49.35.
In other news, VP John D. Milton, Jr. sold 2,000 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $45.73, for a total transaction of $91,460.00. Following the transaction, the vice president now owns 1,800 shares in the company, valued at approximately $82,314. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO John D. Milton, Jr. sold 623 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $44.01, for a total transaction of $27,418.23. Following the transaction, the chief financial officer now owns 623 shares in the company, valued at approximately $27,418.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,500 shares of company stock valued at $201,466. Company insiders own 23.34% of the company’s stock.
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FRP Holdings, Inc is a holding company engaged in various real estate businesses. The Company conducts its business through its subsidiaries, FRP Maryland, Inc, FRP Development Corp. and Florida Rock Properties, Inc The segments of the Company include leasing and management of warehouse and office building owned by the Company (the Asset Management Segment), leasing and management of mining royalty land owned by the Company (the Mining Royalty Lands Segment) and real property acquisition, entitlement, development and construction primarily for warehouse and office buildings (the Land Development and Construction Segment).
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