FRP (NASDAQ:FRPH) Releases Earnings Results

FRP (NASDAQ:FRPH) issued its quarterly earnings data on Wednesday. The financial services provider reported ($0.01) earnings per share for the quarter, Zacks reports. The firm had revenue of $10.96 million during the quarter. FRP had a net margin of 0.22% and a return on equity of 0.11%.

FRP Price Performance

FRPH traded up $0.35 during trading on Wednesday, reaching $18.79. The stock had a trading volume of 136,388 shares, compared to its average volume of 78,421. The stock has a 50 day moving average of $20.60 and a two-hundred day moving average of $22.40. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $360.77 million, a price-to-earnings ratio of 943.00 and a beta of 0.54. FRP has a 1-year low of $18.22 and a 1-year high of $25.74.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of FRP in a research report on Monday, October 12th. Wall Street Zen lowered FRP from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, FRP has a consensus rating of “Sell”.

Insider Buying and Selling at FRP

In other news, CEO John D. Baker III acquired 6,800 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was acquired at an average price of $21.91 per share, for a total transaction of $148,988.00. Following the completion of the acquisition, the chief executive officer directly owned 303,591 shares in the company, valued at $6,651,678.81. This represents a 2.29% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director John D. Baker II bought 8,189 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were purchased at an average cost of $21.97 per share, with a total value of $179,912.33. Following the purchase, the director directly owned 3,059,389 shares of the company’s stock, valued at approximately $67,214,776.33. This represents a 0.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 15,946 shares of company stock worth $349,926. 24.00% of the stock is owned by insiders.

About FRP

FRP Holdings, Inc is a real estate company that owns, develops and manages industrial and commercial properties. The company’s portfolio includes warehouses, distribution facilities, office properties and other income-producing real estate, with a focus on markets in the eastern United States.

FRP Holdings also operates a mining royalties business. Through this segment, the company owns mineral properties and leases them to third-party operators that extract construction aggregates and other materials.