FRP (NASDAQ:FRPH) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

FRP Holdings, Inc. (NASDAQ:FRPH)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.12 and traded as high as $31.62. FRP shares last traded at $31.47, with a volume of 22,559 shares.

Analyst Ratings Changes

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

FRP Trading Up 1.5 %

The firm has a market cap of $598.87 million, a PE ratio of 78.68 and a beta of 0.50. The firm’s 50 day simple moving average is $30.54 and its 200 day simple moving average is $30.12.

Insiders Place Their Bets

In related news, Director Martin E. Stein, Jr. sold 1,029 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $33.00, for a total value of $33,957.00. Following the completion of the transaction, the director now owns 138,399 shares of the company’s stock, valued at approximately $4,567,167. This trade represents a 0.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President David H. Devilliers, Jr. sold 2,500 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $31.50, for a total transaction of $78,750.00. Following the completion of the transaction, the president now directly owns 57,268 shares of the company’s stock, valued at approximately $1,803,942. The trade was a 4.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,600 shares of company stock worth $114,979 in the last 90 days. 22.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. R Squared Ltd bought a new position in shares of FRP in the 4th quarter valued at about $65,000. KLP Kapitalforvaltning AS bought a new position in shares of FRP in the 4th quarter valued at about $104,000. SG Americas Securities LLC bought a new position in shares of FRP in the 3rd quarter valued at about $155,000. Wells Fargo & Company MN lifted its holdings in shares of FRP by 25.4% in the 4th quarter. Wells Fargo & Company MN now owns 8,423 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 1,704 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of FRP by 4.6% in the 4th quarter. American Century Companies Inc. now owns 13,328 shares of the financial services provider’s stock valued at $408,000 after acquiring an additional 592 shares during the last quarter. Institutional investors own 45.42% of the company’s stock.

FRP Company Profile

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.