FRP (NASDAQ:FRPH) Stock: Insider John Baker III Acquires 1,091 Shares

FRP Holdings, Inc. (NASDAQ:FRPH) CEO John Baker III bought 1,091 shares of the stock in a transaction on Tuesday, November 10th. The shares were bought at an average cost of $18.98 per share, with a total value of $20,707.18. Following the purchase, the chief executive officer owned 304,682 shares of the company’s stock, valued at $5,782,864.36. This trade represents a 0.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

FRP Trading Up 0.1%

Shares of FRP stock traded up $0.02 on Friday, reaching $18.47. The company had a trading volume of 103,026 shares, compared to its average volume of 127,682. The firm’s 50 day moving average price is $20.05 and its two-hundred day moving average price is $22.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.19 and a current ratio of 1.19. FRP Holdings, Inc. has a 52-week low of $17.29 and a 52-week high of $25.74. The firm has a market cap of $354.59 million, a PE ratio of -461.75 and a beta of 0.54.

FRP (NASDAQ:FRPH) last posted its quarterly earnings data on Wednesday, November 4th. The financial services provider reported ($0.01) earnings per share for the quarter. FRP had a negative return on equity of 0.07% and a negative net margin of 1.68%. The company had revenue of $10.96 million for the quarter.

Analysts Set New Price Targets

FRPH has been the subject of several research analyst reports. Wall Street Zen lowered FRP from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FRP in a research note on Monday, October 12th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FRPH. Fifth Third Bancorp increased its stake in FRP by 8,350.0% during the 3rd quarter. Fifth Third Bancorp now owns 2,197 shares of the financial services provider’s stock worth $46,000 after buying an additional 2,171 shares during the period. PNC Financial Services Group Inc. boosted its position in FRP by 30.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,555 shares of the financial services provider’s stock valued at $122,000 after buying an additional 1,306 shares during the period. Sequoia Financial Advisors LLC boosted its position in FRP by 5.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,547 shares of the financial services provider’s stock valued at $264,000 after buying an additional 503 shares during the period. Bank of America Corp DE boosted its position in FRP by 36.8% in the 1st quarter. Bank of America Corp DE now owns 21,982 shares of the financial services provider’s stock valued at $481,000 after buying an additional 5,910 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of FRP in the second quarter worth $1,082,000. Hedge funds and other institutional investors own 45.42% of the company’s stock.

About FRP

FRP Holdings, Inc. is a real estate company that acquires, develops, owns and manages commercial and residential properties. Its portfolio includes industrial and commercial properties, multifamily communities, and land held for development. The company also holds mining royalty interests, earning income from land used by mining operators. These activities reflect FRP’s roots as Florida Rock Properties, the name under which the company previously operated. FRP serves markets primarily in the eastern United States, with real estate and development activities across several regions.