Maui Land & Pineapple (NYSE:MLP) Stock Passes Above 50-Day Moving Average – What’s Next?

Maui Land & Pineapple Company, Inc. (NYSE:MLP)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $16.55 and traded as high as $17.26. Maui Land & Pineapple shares last traded at $16.9940, with a volume of 11,445 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MLP shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Maui Land & Pineapple in a report on Thursday. Wall Street Zen raised shares of Maui Land & Pineapple from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Maui Land & Pineapple Price Performance

The firm’s fifty day moving average price is $16.55 and its 200-day moving average price is $16.81. The company has a market cap of $335.46 million, a price-to-earnings ratio of -28.80 and a beta of 0.65.

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

Insider Buying and Selling

In other Maui Land & Pineapple news, CEO Race A. Randle acquired 2,000 shares of Maui Land & Pineapple stock in a transaction dated Friday, November 21st. The stock was acquired at an average cost of $14.48 per share, for a total transaction of $28,960.00. Following the completion of the transaction, the chief executive officer owned 56,597 shares in the company, valued at approximately $819,524.56. This represents a 3.66% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephen M. Case acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was acquired at an average cost of $16.79 per share, with a total value of $83,950.00. Following the completion of the acquisition, the director directly owned 11,987,534 shares in the company, valued at approximately $201,270,695.86. This represents a 0.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have bought 31,389 shares of company stock worth $482,240. Corporate insiders own 65.88% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MLP. Strs Ohio bought a new stake in shares of Maui Land & Pineapple during the first quarter valued at about $26,000. Tower Research Capital LLC TRC lifted its stake in shares of 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 acquiring an additional 2,177 shares during the period. Diametric Capital LP bought a new position in shares of Maui Land & Pineapple in the second quarter valued at approximately $198,000. Steinberganna Wealth Management bought a new position in shares of Maui Land & Pineapple in the third quarter valued at approximately $304,000. Finally, Raymond James Financial Inc. increased its stake in shares of 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 valued at $1,356,000 after acquiring an additional 1,000 shares during the period. 24.55% of the stock is owned by institutional investors and hedge funds.

About Maui Land & Pineapple

Maui Land & Pineapple Company, Inc (NYSE: MLP) is a real estate development and natural resource management enterprise headquartered in Kahului on the island of Maui, Hawaii. The company maintains a diversified portfolio of commercial, industrial, retail, hospitality and residential properties, primarily serving the local Maui market. Through its property management and leasing activities, MLP supports a range of tenants and projects designed to meet the evolving needs of residents, small businesses and visitors to the island.

Originally best known for its pineapple cultivation operations dating back to the early 20th century, MLP transitioned from its agricultural roots following the divestiture of its pineapple farming business in 2009.