David Devilliers III Sells 4,589 Shares of FRP (NASDAQ:FRPH) Stock

FRP Holdings, Inc. (NASDAQ:FRPH) COO David Devilliers III sold 4,589 shares of FRP stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $22.75, for a total value of $104,399.75. Following the completion of the sale, the chief operating officer owned 51,570 shares of the company’s stock, valued at $1,173,217.50. This trade represents a 8.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FRP Stock Up 0.0%

Shares of FRPH opened at $23.14 on Wednesday. FRP Holdings, Inc. has a fifty-two week low of $21.68 and a fifty-two week high of $31.99. The company’s fifty day moving average is $23.19 and its two-hundred day moving average is $24.86. The firm has a market cap of $442.44 million, a PE ratio of 96.42 and a beta of 0.57.

FRP (NASDAQ:FRPH) last issued its earnings results on Wednesday, November 5th. The financial services provider reported $0.03 earnings per share for the quarter. The firm had revenue of $10.78 million for the quarter. FRP had a return on equity of 1.00% and a net margin of 10.90%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. SCS Capital Management LLC acquired a new position in FRP in the 1st quarter worth $5,880,000. Thompson Davis & CO. Inc. purchased a new stake in shares of FRP during the second quarter worth about $1,856,000. Creative Planning purchased a new position in FRP in the second quarter valued at about $1,602,000. Goldman Sachs Group Inc. increased its holdings in FRP by 59.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 120,192 shares of the financial services provider’s stock worth $3,434,000 after purchasing an additional 44,874 shares during the last quarter. Finally, Teton Advisors LLC acquired a new stake in shares of FRP during the third quarter worth approximately $853,000. 45.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FRPH. Wall Street Zen downgraded shares of FRP from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of FRP in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

About FRP

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.