FRP (NASDAQ:FRPH) Stock Price Passes Above Two Hundred Day Moving Average of $29.78

FRP Holdings, Inc. (NASDAQ:FRPH)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.78 and traded as high as $31.00. FRP shares last traded at $30.92, with a volume of 19,302 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded FRP from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd.

FRP Stock Down 0.3 %

The firm has a market cap of $587.51 million, a price-to-earnings ratio of 110.43 and a beta of 0.56. The business has a 50 day moving average price of $30.26 and a 200-day moving average price of $29.78.

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

Institutional Investors Weigh In On FRP

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FRPH. Dimensional Fund Advisors LP grew its stake in shares of FRP by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 534,826 shares of the financial services provider’s stock valued at $33,630,000 after acquiring an additional 10,860 shares in the last quarter. Vanguard Group Inc. boosted its holdings in FRP by 1.4% in the third quarter. Vanguard Group Inc. now owns 308,161 shares of the financial services provider’s stock valued at $16,631,000 after purchasing an additional 4,242 shares during the last quarter. Sprott Inc. grew its stake in FRP by 8.0% during the 3rd quarter. Sprott Inc. now owns 135,000 shares of the financial services provider’s stock valued at $7,286,000 after purchasing an additional 10,000 shares in the last quarter. Intrepid Capital Management Inc. increased its holdings in FRP by 0.3% during the 4th quarter. Intrepid Capital Management Inc. now owns 99,731 shares of the financial services provider’s stock worth $6,271,000 after purchasing an additional 336 shares during the last quarter. Finally, LB Partners LLC acquired a new position in shares of FRP in the 4th quarter valued at approximately $3,955,000. 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.