ValuEngine Lowers FRP (NASDAQ:FRPH) to Sell

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ValuEngine lowered shares of FRP (NASDAQ:FRPH) from a hold rating to a sell rating in a research note issued to investors on Thursday, ValuEngine reports.

Separately, BidaskClub downgraded shares of Xencor from a sell rating to a strong sell rating in a report on Tuesday, June 11th.

Shares of FRPH opened at $50.59 on Thursday. The firm has a market capitalization of $502.52 million, a P/E ratio of 158.09 and a beta of 0.74. FRP has a 1-year low of $41.51 and a 1-year high of $67.70. The stock’s fifty day moving average price is $49.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53.

FRP (NASDAQ:FRPH) last issued its earnings results on Monday, May 6th. The financial services provider reported $0.16 earnings per share for the quarter. The business had revenue of $5.71 million for the quarter. FRP had a net margin of 550.77% and a return on equity of 1.10%.

In other FRP news, insider John D. Milton, Jr. sold 2,500 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $46.64, for a total value of $116,600.00. Following the transaction, the insider now directly owns 2,500 shares in the company, valued at $116,600. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 17.70% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its position in FRP by 45.4% in the fourth quarter. Rhumbline Advisers now owns 10,162 shares of the financial services provider’s stock valued at $468,000 after purchasing an additional 3,174 shares during the period. PNC Financial Services Group Inc. lifted its position in FRP by 20.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,800 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 300 shares during the period. BlackRock Inc. lifted its position in FRP by 2.8% in the fourth quarter. BlackRock Inc. now owns 526,691 shares of the financial services provider’s stock valued at $24,232,000 after purchasing an additional 14,147 shares during the period. Great West Life Assurance Co. Can lifted its position in FRP by 20.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 1,686 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 283 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in FRP by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 458,931 shares of the financial services provider’s stock valued at $21,116,000 after purchasing an additional 22,757 shares during the period. Hedge funds and other institutional investors own 48.45% of the company’s stock.

FRP Company Profile

FRP Holdings, Inc, through its subsidiaries, engages in various 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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