Maui Land & Pineapple (NYSE:MLP) Downgraded to “Sell” Rating by Wall Street Zen

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

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Maui Land & Pineapple in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Maui Land & Pineapple currently has a consensus rating of “Sell”.

Maui Land & Pineapple Trading Down 0.8%

Shares of NYSE:MLP opened at $17.19 on Friday. The firm has a 50 day simple moving average of $15.83 and a 200-day simple moving average of $16.90. Maui Land & Pineapple has a twelve month low of $13.84 and a twelve month high of $23.41. The company has a market capitalization of $339.25 million, a PE ratio of -29.13 and a beta of 0.64.

Maui Land & Pineapple (NYSE:MLP) last posted its earnings results on Friday, November 14th. The financial services provider reported $0.01 EPS for the quarter. Maui Land & Pineapple had a negative net margin of 61.64% and a negative return on equity of 37.71%. The firm had revenue of $4.53 million for the quarter.

Insider Buying and Selling at Maui Land & Pineapple

In other Maui Land & Pineapple news, Director Stephen M. Case bought 5,000 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was bought at an average price of $16.79 per share, for a total transaction of $83,950.00. Following the completion of the transaction, the director owned 11,987,534 shares in the company, valued at approximately $201,270,695.86. The trade was a 0.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Race A. Randle bought 3,000 shares of Maui Land & Pineapple stock in a transaction that occurred on Thursday, November 20th. The stock was bought at an average cost of $14.24 per share, for a total transaction of $42,720.00. Following the purchase, the chief executive officer owned 54,597 shares in the company, valued at $777,461.28. This represents a 5.81% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 31,089 shares of company stock valued at $477,140 in the last ninety days. Corporate insiders own 65.88% of the company’s stock.

Institutional Investors Weigh In On Maui Land & Pineapple

Hedge funds have recently modified their holdings of the company. Strs Ohio purchased a new stake in shares of Maui Land & Pineapple in the first quarter valued at $26,000. Tower Research Capital LLC TRC lifted its holdings in Maui Land & Pineapple by 339.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock worth $51,000 after buying an additional 2,177 shares in the last quarter. Deutsche Bank AG boosted its holdings in Maui Land & Pineapple by 233.2% in the first quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 4,807 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Maui Land & Pineapple during the first quarter worth approximately $181,000. Finally, Diametric Capital LP bought a new stake in shares of Maui Land & Pineapple in the 2nd quarter worth about $198,000. 24.55% of the stock is owned by institutional investors and hedge funds.

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.