FRP (NASDAQ:FRPH) Shares Cross Above 200-Day Moving Average – Time to Sell?

FRP Holdings, Inc. (NASDAQ:FRPH)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.78 and traded as high as $32.27. FRP shares last traded at $31.95, with a volume of 14,743 shares.

Analysts Set New Price Targets

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

FRP Stock Performance

The stock has a market cap of $608.01 million, a PE ratio of 79.88 and a beta of 0.50. The company has a 50 day moving average of $30.71 and a two-hundred day moving average of $29.78.

Insider Buying and Selling

In other FRP news, EVP John D. Milton, Jr. sold 960 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $31.25, for a total value of $30,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Martin E. Stein, Jr. sold 1,029 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $33.00, for a total value of $33,957.00. Following the transaction, the director now directly owns 138,399 shares in the company, valued at $4,567,167. This trade represents a 0.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,566 shares of company stock worth $390,514 in the last 90 days. Insiders own 22.80% of the company’s stock.

Institutional Trading of FRP

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in FRP in the third quarter valued at $155,000. American Century Companies Inc. purchased a new stake in FRP in the 2nd quarter valued at about $250,000. Sequoia Financial Advisors LLC raised its holdings in FRP by 100.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 9,218 shares of the financial services provider’s stock valued at $263,000 after buying an additional 4,609 shares during the period. Hsbc Holdings PLC lifted its position in FRP by 116.2% in the second quarter. Hsbc Holdings PLC now owns 9,272 shares of the financial services provider’s stock valued at $266,000 after buying an additional 4,983 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in FRP by 7.1% during the third quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock worth $599,000 after buying an additional 1,329 shares during the period. Institutional investors and hedge funds 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.