FRP (NASDAQ:FRPH) Upgraded at StockNews.com

StockNews.com upgraded shares of FRP (NASDAQ:FRPH) from a hold rating to a buy rating in a research report sent to investors on Monday.

FRP Price Performance

FRP stock opened at $30.17 on Monday. The stock’s fifty day moving average price is $30.12 and its two-hundred day moving average price is $29.43. FRP has a one year low of $26.23 and a one year high of $32.50. The firm has a market cap of $286.62 million, a PE ratio of 54.85 and a beta of 0.57.

FRP (NASDAQ:FRPH) last posted its quarterly earnings data on Wednesday, March 6th. The financial services provider reported $0.15 EPS for the quarter. FRP had a return on equity of 1.19% and a net margin of 12.77%. The firm had revenue of $10.11 million for the quarter.

Hedge Funds Weigh In On FRP

A number of hedge funds have recently added to or reduced their stakes in FRPH. Citigroup Inc. increased its stake in FRP by 111.4% during the 1st quarter. Citigroup Inc. now owns 446 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 235 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of FRP by 63.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 554 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 216 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new position in shares of FRP in the 4th quarter valued at $50,000. UBS Group AG increased its stake in shares of FRP by 108.3% in the 2nd quarter. UBS Group AG now owns 1,281 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 666 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of FRP by 533.8% in the 4th quarter. Barclays PLC now owns 1,800 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 1,516 shares during the last quarter. Institutional investors own 45.42% of the company’s stock.

FRP Company Profile

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.