StockNews.com downgraded FRP stock from "buy" to "hold" with COO David H. Devilliers III selling shares.

StockNews.com has downgraded FRP (NASDAQ:FRPH) from "buy" to "hold." The stock rose $0.05 to $29.51, with last quarter earnings at $0.11 per share and revenue of $10.48 million. COO David H. Devilliers III sold 1,725 shares totaling $50,542.50, while insiders have sold 11,589 shares worth $342,079 in the past 90 days. Insiders own 22.80% of the company, with institutional investors holding 45.42% of the stock.