FRP Advisory Group (LON:FRP) Trading 1.9% Higher – Time to Buy?

FRP Advisory Group plc (LON:FRP) shares rose 1.9% on Wednesday . The company traded as high as GBX 159.50 ($2.01) and last traded at GBX 158 ($1.99). Approximately 268,935 shares changed hands during trading, a decline of 59% from the average daily volume of 649,002 shares. The stock had previously closed at GBX 155 ($1.96).

FRP Advisory Group Stock Down 4.2 %

The company has a debt-to-equity ratio of 14.51, a current ratio of 2.68 and a quick ratio of 2.12. The business has a fifty day moving average of GBX 143.14 and a 200-day moving average of GBX 138.42. The stock has a market cap of £367.68 million, a PE ratio of 1,666.67 and a beta of 0.48.

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 paid a GBX 0.95 ($0.01) dividend. The ex-dividend date is Thursday, November 21st. This represents a yield of 0.65%. FRP Advisory Group’s dividend payout ratio (DPR) is 5,555.56%.

Insiders Place Their Bets

In other news, insider David Chubb sold 35,000 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of GBX 140 ($1.77), for a total transaction of £49,000 ($61,845.26). 10.82% of the stock is owned by insiders.

FRP Advisory Group Company Profile

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.