FRP (NASDAQ:FRPH) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

FRP Holdings, Inc. (NASDAQ:FRPH)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.83 and traded as high as $30.02. FRP shares last traded at $29.49, with a volume of 17,342 shares.

Analyst Upgrades and Downgrades

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

FRP Price Performance

The firm has a market cap of $546.92 million, a price-to-earnings ratio of 71.85 and a beta of 0.50. The firm’s 50 day moving average price is $30.92 and its 200-day moving average price is $29.83.

Insider Buying and Selling

In related news, President David H. Devilliers, Jr. sold 1,281 shares of FRP stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $31.22, for a total transaction of $39,992.82. Following the completion of the transaction, the president now directly owns 60,987 shares of the company’s stock, valued at $1,904,014.14. This trade represents a 2.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Martin E. Stein, Jr. sold 1,029 shares of FRP stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $33.00, for a total transaction of $33,957.00. Following the completion of the transaction, the director now owns 138,399 shares of the company’s stock, valued at $4,567,167. This trade represents a 0.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,841 shares of company stock valued at $339,972 over the last three months. 22.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FRP

A number of institutional investors and hedge funds have recently made changes to their positions in FRPH. SG Americas Securities LLC acquired a new stake in FRP during the 3rd quarter worth $155,000. American Century Companies Inc. bought a new stake in shares of FRP in the 2nd quarter valued at about $250,000. Hsbc Holdings PLC raised its position in shares of FRP by 116.2% in the 2nd quarter. Hsbc Holdings PLC now owns 9,272 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 4,983 shares during the period. GSA Capital Partners LLP grew its holdings in FRP by 7.1% during the third quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock valued at $599,000 after purchasing an additional 1,329 shares during the period. Finally, Rhumbline Advisers increased its stake in FRP by 101.3% in the second quarter. Rhumbline Advisers now owns 21,814 shares of the financial services provider’s stock valued at $622,000 after purchasing an additional 10,976 shares in the last quarter. Institutional investors own 45.42% of the company’s stock.

About FRP

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.