FRP (NASDAQ:FRPH) Downgraded by Wall Street Zen to Sell

FRP (NASDAQ:FRPH) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, 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, According to MarketBeat.com, the company has an average rating of “Sell”.

FRP Price Performance

NASDAQ FRPH opened at $25.31 on Friday. The firm has a market cap of $485.19 million, a PE ratio of 632.91 and a beta of 0.51. The company has a 50 day moving average price of $23.07 and a 200 day moving average price of $23.03. FRP has a 52 week low of $20.53 and a 52 week high of $27.50.

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

Hedge Funds Weigh In On FRP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRPH. Intrepid Capital Management Inc. lifted its position in FRP by 0.3% during the 3rd quarter. Intrepid Capital Management Inc. now owns 176,510 shares of the financial services provider’s stock worth $4,300,000 after acquiring an additional 570 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of FRP by 8.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 155,462 shares of the financial services provider’s stock valued at $3,543,000 after purchasing an additional 12,427 shares during the period. UBS Group AG increased its holdings in shares of FRP by 2,000.4% in the fourth quarter. UBS Group AG now owns 143,499 shares of the financial services provider’s stock valued at $3,270,000 after purchasing an additional 136,667 shares during the period. Salem Investment Counselors Inc. increased its holdings in shares of FRP by 2.8% in the fourth quarter. Salem Investment Counselors Inc. now owns 114,734 shares of the financial services provider’s stock valued at $2,615,000 after purchasing an additional 3,100 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of FRP by 23.7% during the fourth quarter. Renaissance Technologies LLC now owns 99,548 shares of the financial services provider’s stock worth $2,269,000 after purchasing an additional 19,048 shares during the period. Hedge funds and other institutional investors own 45.42% of the company’s stock.

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.