GAMMA Investing LLC Has $584,000 Holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)

GAMMA Investing LLC increased its stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 2,211.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,909 shares of the financial services provider’s stock after buying an additional 32,442 shares during the quarter. GAMMA Investing LLC’s holdings in Alexander & Baldwin were worth $584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ALEX. Public Employees Retirement System of Ohio acquired a new stake in shares of Alexander & Baldwin during the 4th quarter worth about $1,857,000. PharVision Advisers LLC acquired a new stake in shares of Alexander & Baldwin during the 4th quarter worth about $209,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Alexander & Baldwin by 3.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 499,565 shares of the financial services provider’s stock worth $8,862,000 after buying an additional 18,312 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Alexander & Baldwin during the 4th quarter worth about $532,000. Finally, Two Sigma Investments LP lifted its stake in shares of Alexander & Baldwin by 5.8% during the 4th quarter. Two Sigma Investments LP now owns 61,761 shares of the financial services provider’s stock worth $1,096,000 after buying an additional 3,375 shares during the last quarter. 91.29% of the stock is currently owned by institutional investors and hedge funds.

Alexander & Baldwin Price Performance

NYSE:ALEX opened at $17.98 on Thursday. Alexander & Baldwin Holdings, Inc. has a 52 week low of $15.70 and a 52 week high of $20.30. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 21.16 and a beta of 1.03. The firm’s 50-day simple moving average is $17.40 and its 200 day simple moving average is $17.64. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.31 and a current ratio of 0.31.

Alexander & Baldwin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 13th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.01%. The ex-dividend date of this dividend is Friday, June 13th. Alexander & Baldwin’s dividend payout ratio is currently 105.88%.

Wall Street Analysts Forecast Growth

ALEX has been the subject of a number of research reports. Wall Street Zen cut shares of Alexander & Baldwin from a “buy” rating to a “hold” rating in a research note on Sunday, March 16th. Piper Sandler raised their price target on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th.

Alexander & Baldwin Profile

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company’s simplification and monetization effort.