FRP Advisory Group (LON:FRP) Sets New 1-Year High – Here’s Why

FRP Advisory Group plc (LON:FRP)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 155 ($2.01) and last traded at GBX 143.85 ($1.87), with a volume of 359218 shares. The stock had previously closed at GBX 142 ($1.84).

FRP Advisory Group Stock Performance

The company has a debt-to-equity ratio of 14.51, a quick ratio of 2.12 and a current ratio of 2.68. The company’s 50 day moving average price is GBX 141.25 and its 200-day moving average price is GBX 133.62. The stock has a market cap of £360.33 million, a P/E ratio of 1,633.33 and a beta of 0.48.

FRP Advisory Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be given a dividend of GBX 0.95 ($0.01) per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 0.65%. FRP Advisory Group’s dividend payout ratio is presently 5,555.56%.

Insider Activity at FRP Advisory Group

In related news, insider David Chubb sold 35,000 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of GBX 140 ($1.82), for a total transaction of £49,000 ($63,545.58). 10.82% of the stock is owned by company insiders.

FRP Advisory Group Company Profile

FRP Advisory Group plc, together with its subsidiaries, provides business advisory services to companies, lenders, investors, individuals, and other stakeholders. The company’s services include corporate finance advisory services comprising mergers and acquisitions (M&A), strategic advisory and valuations, capital raising, special situations M&A, partial exits, and financial due diligence; and debt advisory services, such as asset based lending, raising and refinancing debt, debt amendments and extensions, restructuring debt, and corporate and leveraged debt advisory.