John Baker II Purchases 478,468 Shares of FRP (NASDAQ:FRPH) Stock

FRP Holdings, Inc. (NASDAQ:FRPH) Director John Baker II acquired 478,468 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was bought at an average price of $20.90 per share, with a total value of $9,999,981.20. Following the completion of the acquisition, the director directly owned 3,050,243 shares of the company’s stock, valued at $63,750,078.70. This trade represents a 18.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

FRP Trading Up 4.9%

Shares of FRPH opened at $21.74 on Friday. The stock’s 50-day moving average price is $23.31 and its two-hundred day moving average price is $23.65. FRP Holdings, Inc. has a 12 month low of $20.53 and a 12 month high of $29.69. The company has a market capitalization of $415.67 million, a PE ratio of 90.58 and a beta of 0.55.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of FRP in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Trading of FRP

A number of large investors have recently bought and sold shares of FRPH. Intrepid Capital Management Inc. lifted its stake in shares of FRP by 0.3% in 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 during the period. Goldman Sachs Group Inc. increased its holdings in FRP by 8.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 155,462 shares of the financial services provider’s stock worth $3,543,000 after purchasing an additional 12,427 shares in the last quarter. UBS Group AG lifted its stake in FRP by 2,000.4% in the fourth quarter. UBS Group AG now owns 143,499 shares of the financial services provider’s stock valued at $3,270,000 after buying an additional 136,667 shares during the period. Salem Investment Counselors Inc. lifted its stake in FRP by 2.8% in the fourth quarter. Salem Investment Counselors Inc. now owns 114,734 shares of the financial services provider’s stock valued at $2,615,000 after buying an additional 3,100 shares during the period. Finally, Oppenheimer & Close LLC boosted its holdings in shares of FRP by 20.6% during the 3rd quarter. Oppenheimer & Close LLC now owns 112,290 shares of the financial services provider’s stock worth $2,735,000 after buying an additional 19,142 shares in the last quarter. 45.42% of the stock is currently owned by institutional investors and hedge funds.

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.