Maui Land & Pineapple (NYSE:MLP) Rating Increased to Hold at Wall Street Zen

Maui Land & Pineapple (NYSE:MLP) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Maui Land & Pineapple Price Performance

Shares of NYSE MLP opened at $17.46 on Friday. The firm has a market capitalization of $344.56 million, a P/E ratio of -23.27 and a beta of 0.78. Maui Land & Pineapple has a one year low of $14.05 and a one year high of $26.46. The company’s fifty day moving average is $16.74 and its two-hundred day moving average is $17.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.80 and a current ratio of 0.80.

Maui Land & Pineapple (NYSE:MLP) last issued its earnings results on Thursday, May 15th. The financial services provider reported ($0.44) EPS for the quarter. The company had revenue of $5.80 million for the quarter. Maui Land & Pineapple had a negative return on equity of 45.76% and a negative net margin of 98.43%.

Insider Activity at Maui Land & Pineapple

In other Maui Land & Pineapple news, Director Stephen M. Case acquired 3,339 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average cost of $17.43 per share, for a total transaction of $58,198.77. Following the transaction, the director directly owned 11,921,445 shares of the company’s stock, valued at approximately $207,790,786.35. This represents a 0.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have bought 9,409 shares of company stock valued at $154,161. 65.88% of the stock is owned by insiders.

Institutional Investors Weigh In On Maui Land & Pineapple

Several institutional investors and hedge funds have recently made changes to their positions in MLP. Strs Ohio acquired a new position in Maui Land & Pineapple in the 1st quarter valued at about $26,000. Wells Fargo & Company MN increased its stake in shares of Maui Land & Pineapple by 115.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,208 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 2,786 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Maui Land & Pineapple by 233.2% during the 1st quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 4,807 shares during the last quarter. Nuveen LLC acquired a new position in shares of Maui Land & Pineapple during the 1st quarter valued at about $181,000. Finally, Bank of America Corp DE increased its stake in shares of Maui Land & Pineapple by 27.3% during the 4th quarter. Bank of America Corp DE now owns 10,181 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 2,182 shares during the last quarter. 24.55% of the stock is currently owned by hedge funds and other institutional investors.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Co, Inc is a landholding and operating company, which engages in the development, sale, and management of real estate. It operates through the following segments: Real Estate, Leasing, and Resort Amenities. The Real Estate segment includes land planning and entitlement, development, and sales activities.