FRP (NASDAQ:FRPH) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.83 and traded as high as $30.02. FRP shares last traded at $29.49, with a volume of 17,342 shares trading hands.

Analyst Upgrades and Downgrades

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

FRP Stock Performance

The company has a market capitalization of $546.92 million, a price-to-earnings ratio of 71.85 and a beta of 0.50. The business's 50 day moving average price is $30.92 and its two-hundred day moving average price is $29.83.

Insider Activity at FRP

In other FRP news, Director Martin E. Stein, Jr. sold 5,000 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $31.00, for a total value of $155,000.00. Following the transaction, the director now owns 144,428 shares of the company's stock, valued at approximately $4,477,268. This represents a 3.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Milton, Jr. sold 960 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $31.25, for a total value of $30,000.00. The disclosure for this sale can be found here. Insiders sold 10,841 shares of company stock valued at $339,972 over the last 90 days. 22.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FRP

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in shares of FRP by 119.7% in the second quarter. Bank of New York Mellon Corp now owns 55,945 shares of the financial services provider's stock worth $1,596,000 after acquiring an additional 30,484 shares in the last quarter. Barclays PLC raised its stake in FRP by 217.5% during the 3rd quarter. Barclays PLC now owns 22,771 shares of the financial services provider's stock valued at $681,000 after purchasing an additional 15,599 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of FRP by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider's stock valued at $3,267,000 after purchasing an additional 1,845 shares in the last quarter. Guardian Wealth Management Inc. lifted its holdings in shares of FRP by 102.0% in the second quarter. Guardian Wealth Management Inc. now owns 74,145 shares of the financial services provider's stock valued at $2,115,000 after purchasing an additional 37,444 shares in the last quarter. Finally, State Street Corp boosted its position in shares of FRP by 0.4% in the third quarter. State Street Corp now owns 283,930 shares of the financial services provider's stock worth $8,478,000 after buying an additional 1,005 shares during the period. Hedge funds and other institutional investors own 45.42% of the company's stock.

FRP Company Profile

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.