FRP (NASDAQ:FRPH) Posts Earnings Results

by · The Cerbat Gem

FRP (NASDAQ:FRPH – Get Free Report) issued its quarterly earnings results on Tuesday. The financial services provider reported ($0.01) earnings per share for the quarter, Zacks reports. FRP had a return on equity of 0.29% and a net margin of 2.16%.

FRP Stock Performance

NASDAQ FRPH traded down $0.10 during trading on Tuesday, hitting $22.46. 107,166 shares of the company’s stock traded hands, compared to its average volume of 65,397. The stock has a market capitalization of $430.56 million, a price-to-earnings ratio of 561.64 and a beta of 0.51. FRP has a 12-month low of $20.53 and a 12-month high of $26.99. The business has a 50 day moving average of $23.84 and a 200-day moving average of $23.13.

Institutional Trading of FRP

Hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC grew its stake in FRP by 58.0% in the 4th quarter. AQR Capital Management LLC now owns 34,940 shares of the financial services provider’s stock valued at $796,000 after buying an additional 12,823 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of FRP by 51.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,653 shares of the financial services provider’s stock worth $494,000 after acquiring an additional 7,400 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of FRP by 42.5% during the fourth quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 484 shares in the last quarter. Barclays PLC boosted its holdings in shares of FRP by 18.5% in the fourth quarter. Barclays PLC now owns 22,054 shares of the financial services provider’s stock worth $503,000 after acquiring an additional 3,441 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of FRP in the fourth quarter worth $1,405,000. Institutional investors own 45.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FRPH. Wall Street Zen upgraded shares of FRP from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FRP in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, FRP has an average rating of “Sell”.

View Our Latest Research Report on FRP

FRP Company Profile

(Get Free Report)

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.

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