FRP (NASDAQ:FRPH) Stock Price Crosses Above 200 Day Moving Average of $57.48

FRP Holdings, Inc. (NASDAQ:FRPHGet Rating)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $57.48 and traded as high as $59.96. FRP shares last traded at $59.22, with a volume of 11,470 shares changing hands.

Separately, StockNews.com assumed coverage on shares of FRP in a report on Thursday, March 31st. They set a “hold” rating on the stock.

The company has a market capitalization of $558.56 million, a PE ratio of 19.61 and a beta of 0.63. The firm’s 50-day simple moving average is $57.79 and its 200-day simple moving average is $57.48.

FRP (NASDAQ:FRPHGet Rating) last released its quarterly earnings data on Wednesday, March 2nd. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $8.40 million during the quarter. FRP had a net margin of 90.38% and a return on equity of 0.95%.

In other news, EVP John D. Milton, Jr. sold 833 shares of the company’s stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $57.48, for a total value of $47,880.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President David H. Devilliers, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 15th. The stock was sold at an average price of $56.93, for a total transaction of $85,395.00. The disclosure for this sale can be found here. 21.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in shares of FRP by 113.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 491 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 261 shares during the period. Trust Co. of Vermont bought a new position in shares of FRP during the 4th quarter worth approximately $49,000. UBS Group AG raised its stake in shares of FRP by 148.5% during the 3rd quarter. UBS Group AG now owns 1,553 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 928 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of FRP by 105.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,873 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 962 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of FRP by 367.4% during the 3rd quarter. Citigroup Inc. now owns 2,047 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 1,609 shares in the last quarter. 46.81% of the stock is owned by hedge funds and other institutional investors.

About FRP (NASDAQ:FRPH)

FRP Holdings, Inc engages in the 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. The Mining Royalty Lands segment owns various properties comprising approximately 15,000 acres under lease for mining rents or royalties primarily in Florida, Georgia, and Virginia.

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