Parallel Advisors LLC Buys 1,069 Shares of Alexander & Baldwin Holdings, Inc. $ALEX

Parallel Advisors LLC lifted its holdings in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 76.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,462 shares of the financial services provider’s stock after acquiring an additional 1,069 shares during the quarter. Parallel Advisors LLC’s holdings in Alexander & Baldwin were worth $44,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ALEX. Two Sigma Investments LP lifted its holdings in shares of Alexander & Baldwin by 5.8% in the fourth quarter. Two Sigma Investments LP now owns 61,761 shares of the financial services provider’s stock worth $1,096,000 after acquiring an additional 3,375 shares during the last quarter. Two Sigma Advisers LP bought a new stake in Alexander & Baldwin during the 4th quarter worth approximately $532,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Alexander & Baldwin by 3.8% in the fourth 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 valued at $8,862,000 after acquiring an additional 18,312 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Alexander & Baldwin during the fourth quarter valued at $1,857,000. Finally, GAMMA Investing LLC boosted its holdings in Alexander & Baldwin by 2,211.5% in the 1st quarter. GAMMA Investing LLC now owns 33,909 shares of the financial services provider’s stock worth $584,000 after buying an additional 32,442 shares during the period. 91.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, JMP Securities reiterated a “market perform” rating on shares of Alexander & Baldwin in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Alexander & Baldwin Trading Up 0.6%

ALEX opened at $18.20 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 1.62 and a beta of 1.07. The business has a 50 day simple moving average of $18.51 and a two-hundred day simple moving average of $17.81. Alexander & Baldwin Holdings, Inc. has a one year low of $15.70 and a one year high of $19.97.

Alexander & Baldwin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Friday, September 12th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Friday, September 12th. Alexander & Baldwin’s dividend payout ratio (DPR) is 84.11%.

Alexander & Baldwin Company 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.