FRP (NASDAQ:FRPH) Releases Earnings Results

FRP (NASDAQ:FRPH) released its quarterly earnings data on Wednesday. The financial services provider reported ($0.01) earnings per share for the quarter, Zacks reports. The company had revenue of $10.96 million for the quarter. FRP had a negative net margin of 1.68% and a negative return on equity of 0.07%.

FRP Stock Performance

NASDAQ FRPH traded up $0.33 during mid-day trading on Friday, reaching $18.63. 183,024 shares of the stock were exchanged, compared to its average volume of 79,435. The company has a market capitalization of $357.70 million, a P/E ratio of -465.75 and a beta of 0.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.19 and a current ratio of 1.19. The business’s 50 day moving average is $20.45 and its 200-day moving average is $22.34. FRP has a 1 year low of $17.29 and a 1 year high of $25.74.

Insiders Place Their Bets

In other news, Director John Baker, II acquired 8,189 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was bought at an average price of $21.97 per share, with a total value of $179,912.33. Following the completion of the acquisition, the director owned 3,059,389 shares of the company’s stock, valued at approximately $67,214,776.33. This represents a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 24.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on FRPH shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FRP in a report on Monday, October 12th. Wall Street Zen cut FRP from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About FRP

FRP Holdings, Inc is a real estate company that owns, develops and manages industrial and commercial properties. The company’s portfolio includes warehouses, distribution facilities, office properties and other income-producing real estate, with a focus on markets in the eastern United States.

FRP Holdings also operates a mining royalties business. Through this segment, the company owns mineral properties and leases them to third-party operators that extract construction aggregates and other materials.