FRP (NASDAQ:FRPH) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened
by Jessica Moore · The Cerbat GemFRP Holdings, Inc. (NASDAQ:FRPH – Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on FRPH shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FRP in a research report on Monday, December 29th. Wall Street Zen downgraded shares of FRP from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, FRP has an average rating of “Sell”.
Read Our Latest Stock Analysis on FRPH
FRP Stock Down 2.2%
The company’s fifty day moving average price is $23.69 and its two-hundred day moving average price is $24.03. The company has a market cap of $452.09 million, a price-to-earnings ratio of 98.54 and a beta of 0.55.
Insider Transactions at FRP
In other news, COO David H. Devilliers III sold 4,589 shares of the 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 transaction, the chief operating officer owned 51,570 shares of the company’s stock, valued at $1,173,217.50. This represents a 8.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 22.80% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. Signaturefd LLC grew its stake in shares of FRP by 297.9% in the fourth quarter. Signaturefd LLC now owns 1,154 shares of the financial services provider’s stock valued at $26,000 after buying an additional 864 shares in the last quarter. CWM LLC increased its position in FRP by 86.0% during the 3rd quarter. CWM LLC now owns 1,520 shares of the financial services provider’s stock worth $37,000 after buying an additional 703 shares during the period. Russell Investments Group Ltd. increased its position in 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 during the period. Focus Partners Wealth acquired a new stake in shares of FRP in the third quarter valued at approximately $42,000. Finally, BNP Paribas Financial Markets raised its holdings in FRP by 30.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 511 shares in the last quarter. Institutional investors and hedge funds own 45.42% of the company’s stock.
About FRP
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.