FRP (NASDAQ:FRPH) Stock Price Crosses Above Two Hundred Day Moving Average of $29.52

FRP Holdings, Inc. (NASDAQ:FRPH) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.52 and traded as high as $30.99. FRP shares last traded at $30.13, with a volume of 24,445 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut FRP from a “buy” rating to a “hold” rating in a research note on Tuesday.

FRP Price Performance

The stock has a 50 day moving average price of $30.08 and a two-hundred day moving average price of $29.52. The firm has a market capitalization of $572.47 million, a price-to-earnings ratio of 109.56 and a beta of 0.57.

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

Institutional Investors Weigh In On FRP

Several large investors have recently bought and sold shares of FRPH. WINTON GROUP Ltd acquired a new position in shares of FRP during the 3rd quarter worth about $328,000. SG Americas Securities LLC acquired a new position in shares of FRP during the 3rd quarter worth about $163,000. Pathstone Family Office LLC acquired a new position in shares of FRP during the 3rd quarter worth about $228,000. Guardian Wealth Management Inc. boosted its position in shares of FRP by 2.4% during the 3rd quarter. Guardian Wealth Management Inc. now owns 35,069 shares of the financial services provider’s stock worth $1,893,000 after acquiring an additional 835 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of FRP by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 534,826 shares of the financial services provider’s stock worth $33,630,000 after acquiring an additional 10,860 shares in the last quarter. Hedge funds and other 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.