StockNews.com Downgrades FRP (NASDAQ:FRPH) to Hold

FRP (NASDAQ:FRPH) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

FRP Price Performance

Shares of FRP stock opened at $30.70 on Tuesday. The company has a 50-day moving average of $30.11 and a 200 day moving average of $29.55. The firm has a market cap of $583.33 million, a price-to-earnings ratio of 109.64 and a beta of 0.57. FRP has a 1 year low of $26.23 and a 1 year high of $32.50.

FRP (NASDAQ:FRPH) last issued its quarterly earnings results on Wednesday, March 6th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $10.11 million during the quarter. FRP had a net margin of 12.77% and a return on equity of 1.19%.

Institutional Trading of FRP

A number of institutional investors and hedge funds have recently bought and sold shares of FRPH. LB Partners LLC bought a new stake in FRP during the 4th quarter valued at about $3,955,000. Russell Investments Group Ltd. increased its stake in FRP by 17,245.5% during the 4th quarter. Russell Investments Group Ltd. now owns 13,356 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 13,279 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in FRP by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 534,826 shares of the financial services provider’s stock valued at $33,630,000 after purchasing an additional 10,860 shares in the last quarter. Sprott Inc. increased its stake in FRP by 8.0% during the 3rd quarter. Sprott Inc. now owns 135,000 shares of the financial services provider’s stock valued at $7,286,000 after purchasing an additional 10,000 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in FRP during the 3rd quarter valued at about $328,000. 45.42% of the stock is currently owned by institutional investors.

FRP Company Profile

FRP Holdings, Inc engages in the real estate business in the United States. It operates through four segments: Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily. The Industrial and Commercial segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment leases and manages mining royalties owned by the company primarily in Florida, Georgia, and Virginia.