FRP (NASDAQ:FRPH) Releases Quarterly Earnings Results

FRP (NASDAQ:FRPH) announced its quarterly earnings results on Tuesday. The financial services provider reported ($0.01) EPS for the quarter, Zacks reports. The business had revenue of $11.08 million during the quarter. FRP had a net margin of 2.16% and a return on equity of 0.29%.

FRP Trading Down 3.5%

NASDAQ:FRPH traded down $0.78 during midday trading on Wednesday, reaching $21.68. The company had a trading volume of 13,241 shares, compared to its average volume of 64,991. The stock’s fifty day simple moving average is $23.83 and its 200-day simple moving average is $23.12. FRP has a 12-month low of $20.53 and a 12-month high of $26.99. The firm has a market capitalization of $415.61 million, a price-to-earnings ratio of 542.14 and a beta of 0.51.

Institutional Trading of FRP

Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its position in FRP by 42.5% during the fourth quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock worth $37,000 after buying an additional 484 shares during the period. Focus Partners Wealth purchased a new position in FRP during the 3rd quarter worth $42,000. BNP Paribas Financial Markets raised its holdings in shares of 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. Strs Ohio purchased a new position in shares of FRP during the first quarter worth about $74,000. Finally, Tower Research Capital LLC TRC lifted its position in FRP by 517.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,606 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 2,184 shares during the period. Hedge funds and other institutional investors own 45.42% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wall Street Zen upgraded shares of FRP from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings reissued a “sell (d)” rating on shares of FRP in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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.