BidaskClub Upgrades FRP (NASDAQ:FRPH) to Hold

FRP (NASDAQ:FRPH) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Monday, February 4th.

NASDAQ FRPH traded up $0.33 on Monday, reaching $51.58. 32,138 shares of the company were exchanged, compared to its average volume of 12,498. The firm has a market capitalization of $519.93 million, a P/E ratio of 145.35 and a beta of 0.52. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.52 and a current ratio of 2.52. FRP has a fifty-two week low of $41.51 and a fifty-two week high of $67.70.

In other news, CFO John D. Milton, Jr. sold 2,800 shares of the company’s stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $46.09, for a total value of $129,052.00. Following the transaction, the chief financial officer now owns 200 shares of the company’s stock, valued at approximately $9,218. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO John D. Milton, Jr. sold 3,375 shares of the company’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $46.50, for a total value of $156,937.50. Following the completion of the transaction, the chief financial officer now directly owns 3,375 shares in the company, valued at approximately $156,937.50. The disclosure for this sale can be found here. Insiders own 17.31% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc raised its holdings in shares of FRP by 9.8% in the 3rd quarter. Vanguard Group Inc now owns 700,043 shares of the financial services provider’s stock valued at $43,473,000 after buying an additional 62,580 shares during the period. Vanguard Group Inc. raised its holdings in shares of FRP by 9.8% in the 3rd quarter. Vanguard Group Inc. now owns 700,043 shares of the financial services provider’s stock valued at $43,473,000 after buying an additional 62,580 shares during the period. BlackRock Inc. raised its holdings in shares of FRP by 2.8% in the 4th quarter. BlackRock Inc. now owns 526,691 shares of the financial services provider’s stock valued at $24,232,000 after buying an additional 14,147 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of FRP by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 458,931 shares of the financial services provider’s stock valued at $21,116,000 after buying an additional 22,757 shares during the period. Finally, Hyman Charles D raised its holdings in shares of FRP by 0.3% in the 4th quarter. Hyman Charles D now owns 454,744 shares of the financial services provider’s stock valued at $20,923,000 after buying an additional 1,500 shares during the period. Hedge funds and other institutional investors own 49.27% of the company’s stock.

About FRP

FRP Holdings, Inc, through its subsidiaries, engages in various real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Land Development and Construction, and RiverFront on the Anacostia. The Asset Management segment owns, leases, and manages warehouses and office buildings primarily located in the Baltimore, northern Virginia, and Washington, DC market areas.

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