FRP (NASDAQ:FRPH) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

FRP Holdings, Inc. (NASDAQ:FRPH) 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 trading hands.

Analyst Upgrades and Downgrades

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

FRP Stock Performance

The company’s fifty day simple moving average is $30.53 and its two-hundred day simple moving average is $30.14. The stock has a market capitalization of $594.50 million, a PE ratio of 78.10 and a beta of 0.50.

Insider Buying and Selling at FRP

In other news, Director Martin E. Stein, Jr. sold 1,029 shares of FRP stock in a transaction dated 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 sale, the director now directly owns 138,399 shares in the company, valued at $4,567,167. The trade was a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President David H. Devilliers, Jr. sold 2,500 shares of the business’s stock in a transaction that occurred on 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 sale, the president now owns 57,268 shares of the company’s stock, valued at approximately $1,803,942. The trade was a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,600 shares of company stock worth $114,979. 22.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FRPH. SG Americas Securities LLC acquired a new position in shares of FRP during the third quarter worth $155,000. GSA Capital Partners LLP lifted its position in shares of FRP by 7.1% during the third quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock worth $599,000 after purchasing an additional 1,329 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of FRP by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider’s stock worth $3,267,000 after purchasing an additional 1,845 shares in the last quarter. State Street Corp lifted its position in shares of FRP by 0.4% during the third quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock worth $8,478,000 after purchasing an additional 1,005 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of FRP by 217.5% during the third quarter. Barclays PLC now owns 22,771 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 15,599 shares in the last quarter. 45.42% of the stock is owned by institutional investors and hedge funds.

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.