Royce & Associates LP Sells 72,330 Shares of FRP Holdings, Inc. $FRPH

by · The Cerbat Gem

Royce & Associates LP lessened its holdings in FRP Holdings, Inc. (NASDAQ:FRPH – Free Report) by 20.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 281,499 shares of the financial services provider’s stock after selling 72,330 shares during the period. Royce & Associates LP’s holdings in FRP were worth $6,415,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC boosted its stake in shares of FRP by 297.9% in the 4th quarter. Signaturefd LLC now owns 1,154 shares of the financial services provider’s stock worth $26,000 after buying an additional 864 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of FRP in the 3rd quarter worth approximately $42,000. CWM LLC boosted its stake in shares of FRP by 63.7% in the 4th quarter. CWM LLC now owns 2,488 shares of the financial services provider’s stock worth $57,000 after buying an additional 968 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of FRP by 30.0% in the 2nd 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 during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of FRP by 517.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,606 shares of the financial services provider’s stock worth $70,000 after buying an additional 2,184 shares during the last quarter. Hedge funds and other institutional investors own 45.42% of the company’s stock.

Wall Street Analysts Forecast Growth

FRPH has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of FRP in a research note on Friday, March 27th. Wall Street Zen upgraded FRP from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

View Our Latest Stock Report on FRPH

Insider Activity

In related news, Director John D. Baker II bought 478,468 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were purchased at an average price of $20.90 per share, for a total transaction of $9,999,981.20. Following the completion of the transaction, the director directly owned 3,050,243 shares in the company, valued at approximately $63,750,078.70. The trade was a 18.60% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 24.00% of the stock is currently owned by corporate insiders.

FRP Price Performance

NASDAQ:FRPH opened at $23.40 on Friday. The company has a market cap of $448.58 million, a P/E ratio of 585.15 and a beta of 0.49. The stock’s fifty day moving average price is $21.90 and its two-hundred day moving average price is $22.90. FRP Holdings, Inc. has a 1 year low of $20.53 and a 1 year high of $27.98.

FRP (NASDAQ:FRPH – Get Free Report) last posted its earnings results on Tuesday, May 12th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $10.59 million for the quarter. FRP had a return on equity of 0.29% and a net margin of 2.16%.

FRP Company Profile

(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.

See Also

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