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

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

Maui Land & Pineapple Stock Performance

Shares of MLP opened at $17.18 on Friday. 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 has a twelve month low of $14.05 and a twelve month high of $26.46. The firm’s 50 day moving average price is $17.36 and its two-hundred day moving average price is $17.39. The firm has a market cap of $339.13 million, a P/E ratio of -24.20 and a beta of 0.81.

Maui Land & Pineapple (NYSE:MLP) last released its quarterly earnings results on Thursday, August 14th. The financial services provider reported ($0.05) earnings per share for the quarter. The firm had revenue of $4.60 million for the quarter. Maui Land & Pineapple had a negative return on equity of 44.04% and a negative net margin of 81.82%.

Insider Activity at Maui Land & Pineapple

In other Maui Land & Pineapple news, Director Stephen M. Case bought 3,339 shares of the firm’s stock in a transaction on Friday, June 13th. The shares were purchased at an average price of $17.43 per share, for a total transaction of $58,198.77. Following the completion of the transaction, the director directly owned 11,921,445 shares in the company, valued at approximately $207,790,786.35. The trade was a 0.03% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired a total of 9,409 shares of company stock valued at $154,161 in the last quarter. 65.88% of the stock is currently owned by company insiders.

Institutional Trading of Maui Land & Pineapple

Large investors have recently modified their holdings of the stock. Raymond James Financial Inc. grew its holdings in Maui Land & Pineapple by 1.4% during the second quarter. Raymond James Financial Inc. now owns 74,555 shares of the financial services provider’s stock worth $1,356,000 after buying an additional 1,000 shares in the last quarter. Barclays PLC lifted its position in shares of Maui Land & Pineapple by 11.0% during the 4th quarter. Barclays PLC now owns 12,004 shares of the financial services provider’s stock valued at $264,000 after buying an additional 1,189 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Maui Land & Pineapple by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 304,698 shares of the financial services provider’s stock valued at $6,696,000 after buying an additional 1,362 shares during the last quarter. Strs Ohio purchased a new position in shares of Maui Land & Pineapple during the 1st quarter valued at $26,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Maui Land & Pineapple by 339.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock valued at $51,000 after buying an additional 2,177 shares during the last quarter. Institutional investors and hedge funds own 24.55% of the company’s stock.

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.