FRP (NASDAQ:FRPH) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

FRP Holdings, Inc. (NASDAQ:FRPH)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $22.88 and traded as high as $23.80. FRP shares last traded at $23.54, with a volume of 54,163 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of FRP in a research note on Friday, March 27th. Wall Street Zen raised shares of FRP from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

FRP Stock Down 0.2%

The firm has a market capitalization of $451.26 million, a P/E ratio of 588.65 and a beta of 0.52. The company’s 50 day moving average is $22.17 and its 200-day moving average is $22.88.

FRP (NASDAQ:FRPH) last issued its earnings results on Tuesday, May 12th. The financial services provider reported ($0.04) earnings per share (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.

Insider Activity at FRP

In other news, Director John D. Baker II bought 478,468 shares of the stock in a transaction dated Monday, March 23rd. The stock was bought at an average price of $20.90 per share, for a total transaction of $9,999,981.20. Following the completion of the acquisition, the director directly 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 SEC, which can be accessed through this hyperlink. 24.00% of the stock is currently owned by corporate insiders.

Institutional Trading of FRP

A number of large investors have recently added to or reduced their stakes in FRPH. Bank of America Corp DE increased its stake in shares of FRP by 36.8% in the first quarter. Bank of America Corp DE now owns 21,982 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 5,910 shares in the last quarter. Quantinno Capital Management LP lifted its position in FRP by 13.5% during the first quarter. Quantinno Capital Management LP now owns 80,364 shares of the financial services provider’s stock valued at $1,758,000 after purchasing an additional 9,560 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in FRP by 30.7% during the first quarter. PNC Financial Services Group Inc. now owns 5,555 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 1,306 shares during the last quarter. HB Wealth Management LLC lifted its holdings in shares of FRP by 3.7% in the 1st quarter. HB Wealth Management LLC now owns 84,118 shares of the financial services provider’s stock worth $1,841,000 after acquiring an additional 3,026 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of FRP by 58.0% in the 4th quarter. AQR Capital Management LLC now owns 34,940 shares of the financial services provider’s stock worth $796,000 after acquiring an additional 12,823 shares during the last quarter. 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.