ValuEngine Downgrades FRP (NASDAQ:FRPH) to Sell

Share on StockTwits

ValuEngine downgraded shares of FRP (NASDAQ:FRPH) from a hold rating to a sell rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Separately, BidaskClub lowered shares of Xencor from a sell rating to a strong sell rating in a research report on Tuesday, June 11th.

Shares of FRPH stock opened at $50.59 on Thursday. The stock has a market cap of $502.52 million, a PE ratio of 158.09 and a beta of 0.74. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. The company’s 50 day simple moving average is $49.76. FRP has a 12 month low of $41.51 and a 12 month high of $67.70.

FRP (NASDAQ:FRPH) last announced its quarterly earnings results on Monday, May 6th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $5.71 million for the quarter. FRP had a net margin of 550.77% and a return on equity of 1.10%.

In other FRP news, insider John D. Milton, Jr. sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $46.64, for a total value of $116,600.00. Following the completion of the transaction, the insider now directly owns 2,500 shares in the company, valued at $116,600. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 17.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Intrepid Capital Management Inc. lifted its holdings in shares of FRP by 2.6% in the first quarter. Intrepid Capital Management Inc. now owns 119,665 shares of the financial services provider’s stock worth $5,692,000 after buying an additional 3,050 shares in the last quarter. Raymond James & Associates grew its holdings in shares of FRP by 36.4% in the first quarter. Raymond James & Associates now owns 58,400 shares of the financial services provider’s stock worth $2,778,000 after purchasing an additional 15,600 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of FRP in the first quarter worth about $202,000. BNP Paribas Arbitrage SA grew its holdings in shares of FRP by 487.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,309 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 1,086 shares during the last quarter. Finally, First Manhattan Co. grew its holdings in shares of FRP by 10.7% in the first quarter. First Manhattan Co. now owns 7,233 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 698 shares during the last quarter. Institutional investors and hedge funds own 48.36% of the company’s stock.

FRP Company Profile

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, Development, and Stabilized Joint Venture. The Asset Management segment owns, leases, and manages commercial properties.

Featured Article: Short Selling – Explanation For Shorting Stocks

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for FRP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FRP and related companies with MarketBeat.com's FREE daily email newsletter.