FRP Advisory Group (LON:FRP) Trading Up 1.9% – Here’s What Happened

FRP Advisory Group plc (LON:FRPGet Free Report)’s stock price shot up 1.9% on Wednesday . The company traded as high as GBX 159.50 ($2.03) and last traded at GBX 158 ($2.02). 268,935 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 649,002 shares. The stock had previously closed at GBX 155 ($1.98).

FRP Advisory Group Price Performance

The stock has a market capitalization of £387.29 million, a PE ratio of 1,755.56 and a beta of 0.48. The firm’s fifty day moving average price is GBX 142.78 and its two-hundred day moving average price is GBX 138.29. The company has a quick ratio of 2.12, a current ratio of 2.68 and a debt-to-equity ratio of 14.51.

FRP Advisory Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be given a GBX 0.95 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 0.65%. FRP Advisory Group’s payout ratio is 5,555.56%.

Insider Buying and Selling at FRP Advisory Group

In other news, insider David Chubb sold 35,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of GBX 140 ($1.79), for a total transaction of £49,000 ($62,507.97). Corporate insiders own 10.82% of the company’s stock.

About FRP Advisory Group

(Get Free Report)

FRP Advisory Group plc, together with its subsidiaries, provides business advisory services to companies, lenders, investors, individuals, and other stakeholders. The company’s services include corporate finance advisory services comprising mergers and acquisitions (M&A), strategic advisory and valuations, capital raising, special situations M&A, partial exits, and financial due diligence; and debt advisory services, such as asset based lending, raising and refinancing debt, debt amendments and extensions, restructuring debt, and corporate and leveraged debt advisory.

Further Reading

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