FRP (NASDAQ:FRPH) Downgraded by StockNews.com to Hold

StockNews.com cut shares of FRP (NASDAQ:FRPHFree Report) from a buy rating to a hold rating in a research report report published on Thursday.

FRP Price Performance

Shares of FRPH opened at $30.60 on Thursday. The firm’s 50 day simple moving average is $30.20 and its 200 day simple moving average is $30.10. The company has a market capitalization of $582.01 million, a P/E ratio of 97.15 and a beta of 0.56. FRP has a 1-year low of $26.23 and a 1-year high of $32.50.

FRP (NASDAQ:FRPHGet Free Report) last announced its earnings results on Wednesday, May 8th. The financial services provider reported $0.07 earnings per share for the quarter. The business had revenue of $10.13 million for the quarter. FRP had a net margin of 14.54% and a return on equity of 1.35%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Creative Financial Designs Inc. ADV purchased a new position in shares of FRP during the fourth quarter worth approximately $50,000. BNP Paribas Financial Markets raised its stake in shares of FRP by 68.2% during the first quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock worth $199,000 after acquiring an additional 1,317 shares in the last quarter. Pathstone Family Office LLC purchased a new position in shares of FRP during the third quarter worth approximately $228,000. Everett Harris & Co. CA purchased a new position in shares of FRP during the fourth quarter worth approximately $235,000. Finally, SG Americas Securities LLC raised its stake in shares of FRP by 24.6% during the fourth quarter. SG Americas Securities LLC now owns 3,759 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 743 shares in the last quarter. 45.42% of the stock is owned by hedge funds and other institutional investors.

FRP Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for FRP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FRP and related companies with MarketBeat.com's FREE daily email newsletter.