FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $30.12 and traded as high as $30.34. FRP shares last traded at $29.87, with a volume of 11,598 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered FRP from a "buy" rating to a "hold" rating in a research report on Thursday, May 30th.
Check Out Our Latest Research Report on FRP
FRP Trading Down 0.8 %
The firm has a 50-day moving average of $30.21 and a 200 day moving average of $30.12. The stock has a market capitalization of $568.13 million, a price-to-earnings ratio of 94.83 and a beta of 0.54.
FRP (NASDAQ:FRPH - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.07 EPS for the quarter. The firm had revenue of $10.13 million for the quarter. FRP had a return on equity of 1.35% and a net margin of 14.54%.
Hedge Funds Weigh In On FRP
A number of institutional investors have recently made changes to their positions in FRPH. Creative Financial Designs Inc. ADV bought a new position in shares of FRP in the fourth quarter worth $50,000. BNP Paribas Financial Markets grew its stake in shares of FRP by 68.2% in the first quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider's stock worth $199,000 after purchasing an additional 1,317 shares in the last quarter. Everett Harris & Co. CA bought a new position in shares of FRP in the fourth quarter worth $235,000. SG Americas Securities LLC grew its stake in shares of FRP by 24.6% in the fourth quarter. SG Americas Securities LLC now owns 3,759 shares of the financial services provider's stock worth $236,000 after purchasing an additional 743 shares in the last quarter. Finally, Pathstone Family Office LLC bought a new position in shares of FRP in the third quarter worth $228,000. 45.42% of the stock is owned by institutional investors and hedge funds.
About FRP
(
Get Free Report)
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.
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