HighTower Advisors LLC Buys 23,322 Shares of Alexander & Baldwin Holdings, Inc. $ALEX

HighTower Advisors LLC lifted its stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 39.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,939 shares of the financial services provider’s stock after acquiring an additional 23,322 shares during the quarter. HighTower Advisors LLC owned 0.11% of Alexander & Baldwin worth $1,429,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in shares of Alexander & Baldwin by 321.2% in the fourth quarter. Bank of America Corp DE now owns 355,240 shares of the financial services provider’s stock worth $6,302,000 after acquiring an additional 270,907 shares during the period. Northern Trust Corp grew its stake in shares of Alexander & Baldwin by 23.5% in the fourth quarter. Northern Trust Corp now owns 1,020,845 shares of the financial services provider’s stock worth $18,110,000 after acquiring an additional 194,534 shares during the period. GAMMA Investing LLC grew its stake in shares of Alexander & Baldwin by 2,211.5% in the first quarter. GAMMA Investing LLC now owns 33,909 shares of the financial services provider’s stock worth $584,000 after acquiring an additional 32,442 shares during the period. Diversified Trust Co bought a new stake in shares of Alexander & Baldwin in the first quarter worth approximately $606,000. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Alexander & Baldwin by 692.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 161,784 shares of the financial services provider’s stock worth $2,870,000 after acquiring an additional 141,376 shares during the period. 91.29% of the stock is currently owned by institutional investors.

Alexander & Baldwin Stock Performance

Shares of ALEX stock opened at $18.9950 on Tuesday. The company has a 50 day moving average price of $18.09 and a 200-day moving average price of $17.66. Alexander & Baldwin Holdings, Inc. has a 52 week low of $15.70 and a 52 week high of $20.11. The firm has a market capitalization of $1.38 billion, a PE ratio of 17.75, a P/E/G ratio of 1.70 and a beta of 1.04. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.44.

Alexander & Baldwin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Friday, September 12th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.7%. Alexander & Baldwin’s dividend payout ratio (DPR) is presently 84.11%.

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.