FRP (FRPH) Posts Quarterly Earnings Results

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.

Institutional investors have recently made changes to their positions in the stock. Barclays PLC grew its holdings in shares of FRP by 141.0% during the 1st quarter. Barclays PLC now owns 2,767 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 1,619 shares during the last quarter. Port Capital LLC bought a new stake in shares of FRP during the 2nd quarter valued at approximately $292,000. The Manufacturers Life Insurance Company grew its holdings in shares of FRP by 42.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 5,152 shares of the financial services provider’s stock valued at $289,000 after purchasing an additional 1,525 shares during the last quarter. AXA bought a new stake in shares of FRP during the 3rd quarter valued at approximately $404,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of FRP during the 2nd quarter valued at approximately $478,000. 50.06% of the stock is currently owned by institutional investors.

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.

COPYRIGHT VIOLATION WARNING: This article was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this article on another site, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this article can be viewed at https://sportsperspectives.com/2018/11/08/frp-frph-posts-quarterly-earnings-results.html.

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.

Further Reading: Stock Symbols, CUSIP and Other Stock Identifiers

Earnings History for FRP (NASDAQ:FRPH)

Receive News & Ratings for FRP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FRP and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply