FRP (NASDAQ:FRPH) Announces Earnings Results

FRP (NASDAQ:FRPH) announced its earnings results on Tuesday. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $10.59 million during the quarter. FRP had a net margin of 7.77% and a return on equity of 0.81%.

FRP Stock Performance

NASDAQ FRPH traded up $0.27 on Tuesday, reaching $22.44. The company’s stock had a trading volume of 147,429 shares, compared to its average volume of 61,227. FRP has a twelve month low of $20.53 and a twelve month high of $28.35. The stock has a market cap of $430.17 million, a PE ratio of 132.00 and a beta of 0.49. The firm’s 50 day moving average is $22.10 and its two-hundred day moving average is $23.02.

Insiders Place Their Bets

In other FRP news, Director John D. Baker II purchased 478,468 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was bought at an average cost of $20.90 per share, with a total value of $9,999,981.20. Following the acquisition, the director owned 3,050,243 shares of the company’s stock, valued at $63,750,078.70. The trade was a 18.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 24.10% of the company’s stock.

Institutional Trading of FRP

Several institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its holdings in FRP by 30.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,555 shares of the financial services provider’s stock worth $122,000 after buying an additional 1,306 shares during the period. HB Wealth Management LLC raised its holdings in FRP by 3.7% during the 1st quarter. HB Wealth Management LLC now owns 84,118 shares of the financial services provider’s stock worth $1,841,000 after buying an additional 3,026 shares during the period. AQR Capital Management LLC raised its holdings in FRP by 58.0% during the 4th quarter. AQR Capital Management LLC now owns 34,940 shares of the financial services provider’s stock worth $796,000 after buying an additional 12,823 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in FRP by 51.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,653 shares of the financial services provider’s stock worth $494,000 after buying an additional 7,400 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in FRP by 42.5% during the 4th quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock worth $37,000 after buying an additional 484 shares during the period. Institutional investors and hedge funds own 45.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of FRP in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, FRP has an average rating of “Sell”.

FRP Company Profile

FRP Holdings, Inc (NASDAQ: FRPH) is an industrial services holding company that provides asset integrity and life-extension solutions to heavy-industry clients. Through its operating subsidiaries, FRP offers a broad suite of non-destructive testing (NDT), inspection services, mechanical maintenance, protective coatings, thermal spray and surface-preparation services. These offerings help clients maintain and extend the service life of critical equipment and infrastructure across multiple sectors.

The company’s core activities include ultrasonic, radiographic and magnetic-particle testing, site-based inspections, welding and fabrication support, and specialized coating applications designed to withstand extreme environments.