FRP (NASDAQ:FRPH) Sees Unusually-High Trading Volume

Shares of FRP Holdings, Inc. (NASDAQ:FRPH) saw strong trading volume on Friday . 25,146 shares changed hands during trading, an increase of 29% from the previous session’s volume of 19,503 shares.The stock last traded at $30.20 and had previously closed at $29.01.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of FRP from a “hold” rating to a “buy” rating in a research note on Wednesday.

FRP Stock Up 5.3 %

The firm has a market cap of $580.87 million, a P/E ratio of 96.96 and a beta of 0.56. The firm’s 50-day simple moving average is $30.14 and its 200 day simple moving average is $30.01.

FRP (NASDAQ:FRPH) last posted its earnings results on Wednesday, March 6th. The financial services provider reported $0.15 earnings per share for the quarter. FRP had a net margin of 14.54% and a return on equity of 1.35%. The business had revenue of $10.11 million for the quarter.

Institutional Investors Weigh In On FRP

Institutional investors have recently added to or reduced their stakes in the company. LB Partners LLC purchased a new position in FRP in the fourth quarter worth about $3,955,000. Russell Investments Group Ltd. lifted its holdings in shares of FRP by 17,245.5% in the fourth quarter. Russell Investments Group Ltd. now owns 13,356 shares of the financial services provider’s stock worth $840,000 after buying an additional 13,279 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of FRP by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 534,826 shares of the financial services provider’s stock worth $33,630,000 after buying an additional 10,860 shares in the last quarter. Sprott Inc. raised its stake in FRP by 8.0% during the third quarter. Sprott Inc. now owns 135,000 shares of the financial services provider’s stock valued at $7,286,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in FRP by 2.1% during the first quarter. Vanguard Group Inc. now owns 325,563 shares of the financial services provider’s stock valued at $19,990,000 after purchasing an additional 6,741 shares in the last quarter. Hedge funds and other institutional investors own 45.42% of the company’s stock.

About FRP

FRP Holdings, Inc engages in the real estate business in the United States. It operates through four segments: Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily. The Industrial and Commercial segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment leases and manages mining royalties owned by the company primarily in Florida, Georgia, and Virginia.