FRP (NASDAQ:FRPH) Upgraded by Wall Street Zen to “Hold” Rating
by Doug Wharley · The Cerbat GemWall Street Zen upgraded shares of FRP (NASDAQ:FRPH – Free Report) from a sell rating to a hold rating in a research note published on Saturday morning.
Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of FRP in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.
FRP Trading Down 0.2%
FRPH stock opened at $21.94 on Friday. The company has a market capitalization of $420.59 million, a PE ratio of 548.64 and a beta of 0.49. FRP has a 12-month low of $20.53 and a 12-month high of $28.35. The business’s fifty day moving average price is $21.92 and its 200 day moving average price is $22.95.
FRP (NASDAQ:FRPH – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $10.59 million during the quarter. FRP had a net margin of 2.16% and a return on equity of 0.29%.
Insider Activity
In other FRP news, Director John D. Baker II acquired 478,468 shares of the stock in a transaction dated Monday, March 23rd. The stock was acquired at an average cost of $20.90 per share, with a total value of $9,999,981.20. Following the transaction, the director owned 3,050,243 shares in the company, valued at $63,750,078.70. The trade was a 18.60% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 22.80% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in FRPH. UBS Group AG boosted its position in shares of FRP by 2,000.4% during the 4th quarter. UBS Group AG now owns 143,499 shares of the financial services provider’s stock worth $3,270,000 after acquiring an additional 136,667 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of FRP in the 4th quarter valued at about $1,405,000. Goldman Sachs Group Inc. boosted its position in shares of FRP by 59.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 120,192 shares of the financial services provider’s stock valued at $3,434,000 after purchasing an additional 44,874 shares during the period. Teton Advisors LLC acquired a new stake in shares of FRP in the 3rd quarter valued at about $853,000. Finally, Jane Street Group LLC boosted its position in shares of FRP by 64.0% in the 4th quarter. Jane Street Group LLC now owns 57,128 shares of the financial services provider’s stock valued at $1,302,000 after purchasing an additional 22,293 shares during the period. 45.42% of the stock is 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.