Maui Land & Pineapple (NYSE:MLP) Shares Cross Above 50 Day Moving Average of $20.91

Shares of Maui Land & Pineapple Company, Inc. (NYSE:MLPGet Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $20.91 and traded as high as $21.95. Maui Land & Pineapple shares last traded at $21.52, with a volume of 12,722 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Maui Land & Pineapple from a “sell” rating to a “hold” rating in a research note on Monday, April 1st.

Get Our Latest Research Report on Maui Land & Pineapple

Maui Land & Pineapple Stock Up 1.1 %

The company has a fifty day simple moving average of $20.91 and a two-hundred day simple moving average of $19.99. The stock has a market capitalization of $423.73 million, a P/E ratio of -143.47 and a beta of 0.47.

Maui Land & Pineapple (NYSE:MLPGet Free Report) last posted its earnings results on Monday, May 13th. The financial services provider reported ($0.07) earnings per share for the quarter. The business had revenue of $2.48 million for the quarter. Maui Land & Pineapple had a negative return on equity of 9.18% and a negative net margin of 27.85%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Herr Investment Group LLC lifted its holdings in Maui Land & Pineapple by 47.8% during the first quarter. Herr Investment Group LLC now owns 419,602 shares of the financial services provider’s stock worth $9,089,000 after acquiring an additional 135,791 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Maui Land & Pineapple by 154.4% in the first quarter. BNP Paribas Financial Markets now owns 6,245 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 3,790 shares in the last quarter. CastleKnight Management LP lifted its holdings in shares of Maui Land & Pineapple by 29.3% in the fourth quarter. CastleKnight Management LP now owns 35,302 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 8,002 shares in the last quarter. Finally, Bfsg LLC bought a new stake in shares of Maui Land & Pineapple in the fourth quarter valued at about $52,000. 24.55% of the stock is currently owned by institutional investors.

Maui Land & Pineapple Company Profile

(Get Free Report)

Maui Land & Pineapple Company, Inc, together with its subsidiaries, engages in the planning, managing, developing, and selling residential, resort, commercial, agricultural, and industrial real estate properties in the United States. It operates through Land Development & Sales, Leasing, and Resort Amenities segments.

Read More

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