FRP (NASDAQ:FRPH) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of FRP Holdings, Inc. (NASDAQ:FRPH) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.93 and traded as high as $24.65. FRP shares last traded at $24.55, with a volume of 58,559 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of FRP from a “sell” rating to a “hold” rating in a 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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

FRP Stock Performance

The firm has a market cap of $470.62 million, a price-to-earnings ratio of 613.90 and a beta of 0.52. The stock’s 50 day simple moving average is $22.56 and its 200-day simple moving average is $22.93.

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

Institutional Trading of FRP

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in FRP by 297.9% during the 4th quarter. Signaturefd LLC now owns 1,154 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 864 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of FRP by 42.5% in the fourth quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 484 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of FRP during the third quarter worth about $42,000. CWM LLC lifted its holdings in shares of FRP by 63.7% during the fourth quarter. CWM LLC now owns 2,488 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 968 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in FRP by 30.0% in the second quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock valued at $60,000 after buying an additional 511 shares during the last quarter. Institutional investors and hedge funds own 45.42% of the company’s stock.

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.