FRP (NASDAQ:FRPH) Announces Quarterly Earnings Results

FRP (NASDAQ:FRPH) issued its quarterly earnings data on Tuesday. The financial services provider reported ($0.04) earnings per share for the quarter, FiscalAI reports. FRP had a return on equity of 0.29% and a net margin of 2.16%.The business had revenue of $10.59 million during the quarter.

FRP Trading Up 3.3%

FRPH stock traded up $0.71 during mid-day trading on Thursday, hitting $22.12. The stock had a trading volume of 104,487 shares, compared to its average volume of 62,412. FRP has a 52 week low of $20.53 and a 52 week high of $28.35. The firm has a market capitalization of $423.94 million, a P/E ratio of 553.51 and a beta of 0.49. The firm has a fifty day simple moving average of $22.01 and a 200 day simple moving average of $22.98.

Insider Buying and Selling

In other news, Director John D. Baker II bought 478,468 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were purchased at an average cost of $20.90 per share, with a total value of $9,999,981.20. Following the acquisition, the director directly owned 3,050,243 shares in the company, valued at $63,750,078.70. This represents a 18.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FRP

Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of 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. grew its holdings in shares of FRP by 42.5% during the 4th quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 484 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of FRP by 4.6% during the 2nd quarter. Legal & General Group Plc now owns 11,715 shares of the financial services provider’s stock valued at $315,000 after purchasing an additional 510 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of FRP by 30.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 511 shares during the last quarter. Finally, Intrepid Capital Management Inc. grew its holdings in shares of FRP by 0.3% during the 3rd quarter. Intrepid Capital Management Inc. now owns 176,510 shares of the financial services provider’s stock valued at $4,300,000 after purchasing an additional 570 shares during the last quarter. 45.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of FRP in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, FRP currently has an average rating of “Sell”.

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.