Shares of FRP Advisory Group plc (LON:FRP – Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 118.30 ($1.50) and traded as low as GBX 115 ($1.46). FRP Advisory Group shares last traded at GBX 115.50 ($1.46), with a volume of 149,637 shares.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 175 ($2.21) target price on shares of FRP Advisory Group in a report on Friday, December 15th.
Check Out Our Latest Analysis on FRP Advisory Group
FRP Advisory Group Stock Performance
FRP Advisory Group Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, May 16th will be paid a dividend of GBX 0.90 ($0.01) per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a dividend yield of 0.71%. FRP Advisory Group’s dividend payout ratio is 8,333.33%.
Insider Transactions at FRP Advisory Group
In other FRP Advisory Group news, insider Penelope Ruth Judd acquired 39,995 shares of FRP Advisory Group stock in a transaction dated Friday, February 16th. The stock was bought at an average cost of GBX 125 ($1.58) per share, for a total transaction of £49,993.75 ($63,275.22). Company insiders own 12.51% of the company’s stock.
FRP Advisory Group Company Profile
FRP Advisory Group plc, together with its subsidiaries, provides business advisory services to companies, lenders, investors, individuals, and other stakeholders. The company's services include corporate finance advisory services comprising mergers and acquisitions (M&A), strategic advisory and valuations, capital raising, special situations M&A, partial exits, and financial due diligence; and debt advisory services, such as asset based lending, raising and refinancing debt, debt amendments and extensions, restructuring debt, and corporate and leveraged debt advisory.
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