FRP (NASDAQ:FRPH) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

FRP Holdings, Inc. (NASDAQ:FRPH) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $29.98 and traded as high as $30.82. FRP shares last traded at $30.57, with a volume of 18,557 shares.

Analysts Set New Price Targets

Separately, StockNews.com cut FRP from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

FRP Stock Up 0.0 %

The stock has a market cap of $581.75 million, a PE ratio of 76.43 and a beta of 0.50. The firm’s fifty day moving average price is $30.80 and its 200 day moving average price is $29.99.

FRP (NASDAQ:FRPH) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.07 earnings per share for the quarter. FRP had a net margin of 18.35% and a return on equity of 1.67%. The business had revenue of $10.63 million for the quarter.

Insider Activity

In related news, President David H. Devilliers, Jr. sold 1,281 shares of FRP stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $31.22, for a total transaction of $39,992.82. Following the transaction, the president now directly owns 60,987 shares of the company’s stock, valued at $1,904,014.14. The trade was a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Milton, Jr. sold 960 shares of FRP stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $31.25, for a total transaction of $30,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,841 shares of company stock worth $339,972. Corporate insiders own 22.80% of the company’s stock.

Institutional Investors Weigh In On FRP

A number of hedge funds have recently added to or reduced their stakes in FRPH. R Squared Ltd acquired a new position in FRP in the fourth quarter valued at about $65,000. SG Americas Securities LLC bought a new stake in FRP in the third quarter valued at approximately $155,000. American Century Companies Inc. acquired a new position in shares of FRP during the 2nd quarter worth approximately $250,000. Hsbc Holdings PLC raised its stake in FRP by 116.2% in the 2nd quarter. Hsbc Holdings PLC now owns 9,272 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 4,983 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in shares of FRP by 7.1% during the third quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock worth $599,000 after acquiring an additional 1,329 shares during the period. Institutional investors own 45.42% of the company’s stock.

About FRP

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.