FRP (NASDAQ:FRPH) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

FRP Holdings, Inc. (NASDAQ:FRPH) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.12 and traded as high as $31.62. FRP shares last traded at $31.47, with a volume of 22,559 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of FRP from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

FRP Trading Down 0.7 %

The company has a market capitalization of $594.50 million, a price-to-earnings ratio of 78.10 and a beta of 0.50. The firm’s fifty day simple moving average is $30.53 and its two-hundred day simple moving average is $30.14.

Insider Transactions at FRP

In other FRP news, Director Martin E. Stein, Jr. sold 1,029 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $33.00, for a total value of $33,957.00. Following the sale, the director now directly owns 138,399 shares of the company’s stock, valued at approximately $4,567,167. This represents a 0.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, President David H. Devilliers, Jr. sold 2,500 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $31.50, for a total transaction of $78,750.00. Following the completion of the sale, the president now directly owns 57,268 shares in the company, valued at approximately $1,803,942. This represents a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,600 shares of company stock worth $114,979. 22.80% of the stock is currently owned by insiders.

Institutional Trading of FRP

A number of large investors have recently bought and sold shares of FRPH. Rhumbline Advisers lifted its stake in shares of FRP by 2.3% in the 4th quarter. Rhumbline Advisers now owns 20,995 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 465 shares during the period. American Century Companies Inc. lifted its stake in shares of FRP by 4.6% in the 4th quarter. American Century Companies Inc. now owns 13,328 shares of the financial services provider’s stock worth $408,000 after acquiring an additional 592 shares during the period. State Street Corp lifted its stake in shares of FRP by 0.4% in the 3rd quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock worth $8,478,000 after acquiring an additional 1,005 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of FRP by 9.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,586 shares of the financial services provider’s stock worth $417,000 after acquiring an additional 1,159 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in shares of FRP by 7.1% in the 3rd quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock worth $599,000 after acquiring an additional 1,329 shares during the period. Institutional investors and hedge funds own 45.42% of the company’s stock.

FRP Company Profile

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.