FRP (NASDAQ:FRPH) Stock Crosses Above 200 Day Moving Average – Here’s Why

FRP Holdings, Inc. (NASDAQ:FRPH) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.03 and traded as high as $24.40. FRP shares last traded at $24.34, with a volume of 43,061 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FRPH shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of FRP in a research note on Monday, December 29th. Wall Street Zen lowered FRP from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

FRP Stock Performance

The company’s fifty day simple moving average is $23.66 and its two-hundred day simple moving average is $24.03. The stock has a market capitalization of $465.38 million, a P/E ratio of 101.42 and a beta of 0.55.

Insider Transactions at FRP

In related news, COO David H. Devilliers III sold 4,589 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $22.75, for a total value of $104,399.75. Following the completion of the sale, the chief operating officer directly owned 51,570 shares in the company, valued at $1,173,217.50. The trade was a 8.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 24.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On FRP

Institutional investors have recently modified their holdings of the business. Signaturefd LLC grew its position in shares of FRP by 297.9% during the 4th quarter. Signaturefd LLC now owns 1,154 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 864 shares in the last quarter. CWM LLC raised its position in shares of FRP by 86.0% in the third quarter. CWM LLC now owns 1,520 shares of the financial services provider’s stock valued at $37,000 after buying an additional 703 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of FRP by 42.5% in the fourth quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock valued at $37,000 after buying an additional 484 shares during the period. Focus Partners Wealth acquired a new stake in FRP during the third quarter worth approximately $42,000. Finally, BNP Paribas Financial Markets grew its position in FRP by 30.0% during the second quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock worth $60,000 after buying an additional 511 shares in the last quarter. Institutional investors own 45.42% of the company’s stock.

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.