FRP (NASDAQ:FRPH) Share Price Passes Above 200 Day Moving Average - Here's Why

FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.98 and traded as high as $30.82. FRP shares last traded at $30.57, with a volume of 18,557 shares.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of FRP from a "buy" rating to a "hold" rating in a report on Thursday, November 7th.

FRP Stock Performance

The stock has a market capitalization of $581.75 million, a PE ratio of 76.43 and a beta of 0.50. The business's 50-day moving average price is $30.80 and its 200 day moving average price is $29.99.

FRP (NASDAQ:FRPH - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.07 EPS for the quarter. FRP had a return on equity of 1.67% and a net margin of 18.35%. The business had revenue of $10.63 million during the quarter.

Insider Activity at FRP

In related news, President David H. Devilliers, Jr. sold 1,281 shares of FRP stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $31.22, for a total value of $39,992.82. Following the transaction, the president now owns 60,987 shares in the company, valued at $1,904,014.14. This trade represents a 2.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martin E. Stein, Jr. sold 5,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $31.00, for a total value of $155,000.00. Following the completion of the sale, the director now directly owns 144,428 shares of the company's stock, valued at approximately $4,477,268. This trade represents a 3.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,841 shares of company stock valued at $339,972 over the last three months. 22.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FRPH. R Squared Ltd bought a new position in shares of FRP during the fourth quarter valued at about $65,000. SG Americas Securities LLC bought a new position in FRP during the 3rd quarter valued at approximately $155,000. American Century Companies Inc. purchased a new stake in FRP in the 2nd quarter worth approximately $250,000. Hsbc Holdings PLC grew its position in shares of FRP by 116.2% in the 2nd quarter. Hsbc Holdings PLC now owns 9,272 shares of the financial services provider's stock worth $266,000 after buying an additional 4,983 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of FRP by 7.1% during the third quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider's stock valued at $599,000 after buying an additional 1,329 shares during the period. Institutional investors own 45.42% of the company's stock.

About FRP

FRP Holdings, Inc engages in the real estate business in the United States. It operates through four segments: Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily. The Industrial and Commercial segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment leases and manages mining royalties owned by the company primarily in Florida, Georgia, and Virginia.