FRP (NASDAQ:FRPH) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.12 and traded as high as $31.62. FRP shares last traded at $31.47, with a volume of 22,559 shares trading hands.

Wall Street Analysts Forecast Growth

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

FRP Stock Performance

The company has a market cap of $594.50 million, a PE ratio of 78.10 and a beta of 0.50. The firm has a fifty day simple moving average of $30.51 and a 200 day simple moving average of $30.15.

Insider Buying and Selling at FRP

In other news, Director Martin E. Stein, Jr. sold 1,029 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $33.00, for a total transaction of $33,957.00. Following the completion of the sale, the director now owns 138,399 shares in the company, valued at approximately $4,567,167. The trade was a 0.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 22.80% of the stock is owned by company insiders.

Institutional Trading of FRP

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of FRP by 33.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,540 shares of the financial services provider's stock worth $1,151,000 after purchasing an additional 9,558 shares during the period. Barclays PLC grew its holdings in shares of FRP by 217.5% during the 3rd quarter. Barclays PLC now owns 22,771 shares of the financial services provider's stock worth $681,000 after purchasing an additional 15,599 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of FRP by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider's stock worth $3,267,000 after purchasing an additional 1,845 shares during the period. State Street Corp grew its holdings in shares of FRP by 0.4% during the 3rd quarter. State Street Corp now owns 283,930 shares of the financial services provider's stock worth $8,478,000 after purchasing an additional 1,005 shares during the period. Finally, SG Americas Securities LLC acquired a new position in FRP during the 3rd quarter worth approximately $155,000. 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.