FRP (NASDAQ:FRPH) issued its earnings results on Wednesday. The financial services provider reported $0.20 EPS for the quarter, MarketWatch Earnings reports. The company had revenue of $5.74 million during the quarter. FRP had a net margin of 375.17% and a negative return on equity of 3.93%.
Shares of NASDAQ:FRPH traded down $0.09 during midday trading on Thursday, hitting $49.83. The stock had a trading volume of 11,509 shares, compared to its average volume of 20,137. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.22 and a current ratio of 4.22. FRP has a fifty-two week low of $41.90 and a fifty-two week high of $67.70.
In related news, President David H. Devilliers, Jr. sold 3,150 shares of FRP stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $64.56, for a total transaction of $203,364.00. Following the sale, the president now directly owns 14,671 shares of the company’s stock, valued at approximately $947,159.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President David H. Devilliers, Jr. sold 10,120 shares of FRP stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $63.47, for a total transaction of $642,316.40. Following the sale, the president now directly owns 1,350 shares in the company, valued at $85,684.50. The disclosure for this sale can be found here. Insiders sold a total of 28,006 shares of company stock valued at $1,784,698 over the last 90 days. Corporate insiders own 17.31% of the company’s stock.
Several brokerages have recently commented on FRPH. BidaskClub upgraded shares of FRP from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine cut shares of FRP from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd.
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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, Land Development and Construction, and RiverFront on the Anacostia. The Asset Management segment owns, leases, and manages warehouses and office buildings primarily located in the Baltimore, northern Virginia, and Washington, DC market areas.
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