FRP (NASDAQ:FRPH) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of FRP Holdings, Inc. (NASDAQ:FRPH) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.90 and traded as high as $24.09. FRP shares last traded at $23.47, with a volume of 36,553 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FRPH shares. Wall Street Zen raised FRP from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FRP in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, FRP presently has a consensus rating of “Sell”.

FRP Trading Down 1.3%

The firm has a 50 day simple moving average of $22.38 and a 200 day simple moving average of $22.90. The firm has a market capitalization of $449.92 million, a PE ratio of 586.90 and a beta of 0.52.

FRP (NASDAQ:FRPH) last issued its earnings results on Tuesday, May 12th. The financial services provider reported ($0.04) EPS for the quarter. FRP had a net margin of 2.16% and a return on equity of 0.29%. The business had revenue of $10.59 million for the quarter.

Insider Buying and Selling

In other FRP news, Director John D. Baker II bought 478,468 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were acquired at an average cost of $20.90 per share, for a total transaction of $9,999,981.20. Following the purchase, the director owned 3,050,243 shares in the company, valued at approximately $63,750,078.70. This trade represents a 18.60% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 24.00% of the company’s stock.

Institutional Trading of FRP

Several institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its stake in FRP by 6.2% during the 4th quarter. SG Americas Securities LLC now owns 7,337 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 427 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of FRP by 42.5% in the 4th quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock worth $37,000 after buying an additional 484 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of FRP by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 11,715 shares of the financial services provider’s stock worth $315,000 after buying an additional 510 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of FRP by 30.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock worth $60,000 after buying an additional 511 shares during the last quarter. Finally, Intrepid Capital Management Inc. boosted its stake in shares of FRP by 0.3% in the 3rd quarter. Intrepid Capital Management Inc. now owns 176,510 shares of the financial services provider’s stock worth $4,300,000 after buying an additional 570 shares during the last quarter. 45.42% of the stock is currently owned by hedge funds and other institutional investors.

FRP Company Profile

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.