FRP (NASDAQ:FRPH) Rating Increased to Buy at StockNews.com

FRP (NASDAQ:FRPH) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

FRP Stock Down 3.1 %

Shares of FRP stock opened at $29.23 on Monday. FRP has a 12 month low of $26.23 and a 12 month high of $32.50. The stock has a market cap of $277.69 million, a PE ratio of 53.15 and a beta of 0.57. The business has a fifty day simple moving average of $30.11 and a 200-day simple moving average of $29.44.

FRP (NASDAQ:FRPH) last issued its quarterly earnings results on Wednesday, March 6th. The financial services provider reported $0.15 earnings per share for the quarter. FRP had a return on equity of 1.19% and a net margin of 12.77%. The business had revenue of $10.11 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FRPH. WINTON GROUP Ltd purchased a new position in FRP in the third quarter valued at about $328,000. SG Americas Securities LLC purchased a new position in FRP in the third quarter valued at about $163,000. Pathstone Family Office LLC purchased a new position in FRP in the third quarter valued at about $228,000. Guardian Wealth Management Inc. grew its stake in FRP by 2.4% in the third quarter. Guardian Wealth Management Inc. now owns 35,069 shares of the financial services provider’s stock valued at $1,893,000 after purchasing an additional 835 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in FRP by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 534,826 shares of the financial services provider’s stock valued at $33,630,000 after purchasing an additional 10,860 shares in the last quarter. Hedge funds and other institutional investors own 45.42% of the company’s stock.

About FRP

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.