FRP (NASDAQ:FRPH) COO David Devilliers III Sells 4,589 Shares of Stock

FRP Holdings, Inc. (NASDAQ:FRPH) COO David Devilliers III sold 4,589 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $22.75, for a total transaction of $104,399.75. Following the sale, the chief operating officer directly owned 51,570 shares of the company’s stock, valued at $1,173,217.50. This represents a 8.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

FRP Stock Performance

Shares of NASDAQ FRPH opened at $23.13 on Tuesday. The company’s 50 day moving average price is $23.21 and its 200-day moving average price is $24.89. FRP Holdings, Inc. has a 52-week low of $21.68 and a 52-week high of $31.99. The company has a market capitalization of $442.25 million, a P/E ratio of 96.38 and a beta of 0.57.

FRP (NASDAQ:FRPH) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $0.03 earnings per share for the quarter. The business had revenue of $10.78 million during the quarter. FRP had a net margin of 10.90% and a return on equity of 1.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its holdings in shares of FRP by 4.6% during the second quarter. Legal & General Group Plc now owns 11,715 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 510 shares in the last quarter. BNP Paribas Financial Markets grew its position in FRP by 30.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 511 shares during the period. Intrepid Capital Management Inc. increased its stake in FRP by 0.3% during the 3rd quarter. Intrepid Capital Management Inc. now owns 176,510 shares of the financial services provider’s stock valued at $4,300,000 after purchasing an additional 570 shares in the last quarter. CWM LLC raised its holdings in FRP by 86.0% during the third quarter. CWM LLC now owns 1,520 shares of the financial services provider’s stock worth $37,000 after buying an additional 703 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of FRP by 9.4% in the third quarter. Alliancebernstein L.P. now owns 12,790 shares of the financial services provider’s stock valued at $312,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 45.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of FRP in a research report on Monday, December 29th. Wall Street Zen cut FRP from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

FRP Company Profile

FRP Holdings, Inc (NASDAQ: FRPH) is an industrial services holding company that provides asset integrity and life-extension solutions to heavy-industry clients. Through its operating subsidiaries, FRP offers a broad suite of non-destructive testing (NDT), inspection services, mechanical maintenance, protective coatings, thermal spray and surface-preparation services. These offerings help clients maintain and extend the service life of critical equipment and infrastructure across multiple sectors.

The company’s core activities include ultrasonic, radiographic and magnetic-particle testing, site-based inspections, welding and fabrication support, and specialized coating applications designed to withstand extreme environments.