FRP (NASDAQ:FRPH) Reaches New 12-Month Low at $53.34

FRP Holdings, Inc. (NASDAQ:FRPHGet Rating)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $53.34 and last traded at $53.72, with a volume of 16039 shares. The stock had previously closed at $55.53.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of FRP from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd.

FRP Stock Down 3.3 %

The stock has a market cap of $507.92 million, a price-to-earnings ratio of 448.54 and a beta of 0.53. The company’s 50-day moving average is $58.23 and its 200-day moving average is $58.42.

Institutional Trading of FRP

Several hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in shares of FRP by 8.4% during the second quarter. Goldman Sachs Group Inc. now owns 8,583 shares of the financial services provider’s stock worth $518,000 after buying an additional 665 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of FRP by 11.5% during the second quarter. Salem Investment Counselors Inc. now owns 59,879 shares of the financial services provider’s stock worth $3,614,000 after buying an additional 6,184 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of FRP by 24.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 5,344 shares of the financial services provider’s stock worth $323,000 after buying an additional 1,045 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of FRP by 52.0% during the second quarter. BNP Paribas Arbitrage SA now owns 2,020 shares of the financial services provider’s stock worth $122,000 after buying an additional 691 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of FRP by 6.9% during the second quarter. Rhumbline Advisers now owns 9,756 shares of the financial services provider’s stock worth $589,000 after buying an additional 630 shares in the last quarter. Institutional investors and hedge funds own 47.09% of the company’s stock.

About FRP

(Get Rating)

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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