Maui Land & Pineapple (NYSE:MLP) Stock Passes Below 200-Day Moving Average – Time to Sell?

Maui Land & Pineapple Company, Inc. (NYSE:MLP) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.80 and traded as low as $16.04. Maui Land & Pineapple shares last traded at $16.1350, with a volume of 20,803 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MLP shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Maui Land & Pineapple in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Maui Land & Pineapple from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Maui Land & Pineapple Price Performance

The company has a market cap of $318.54 million, a PE ratio of -27.35 and a beta of 0.66. The stock’s 50-day moving average is $16.89 and its 200 day moving average is $16.80.

Insider Buying and Selling at Maui Land & Pineapple

In other Maui Land & Pineapple news, Director Stephen M. Case bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were purchased at an average cost of $16.79 per share, for a total transaction of $83,950.00. Following the purchase, the director directly owned 11,987,534 shares in the company, valued at $201,270,695.86. This represents a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 65.88% of the stock is owned by insiders.

Institutional Investors Weigh In On Maui Land & Pineapple

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MLP. Strs Ohio acquired a new stake in Maui Land & Pineapple in the first quarter worth about $26,000. Tower Research Capital LLC TRC raised its position 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 valued at $51,000 after purchasing an additional 2,177 shares during the last quarter. Deutsche Bank AG raised its position in shares of Maui Land & Pineapple by 23.4% in the 4th quarter. Deutsche Bank AG now owns 5,264 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 999 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Maui Land & Pineapple by 75.8% in the 4th quarter. Wells Fargo & Company MN now owns 7,477 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 3,224 shares in the last quarter. Finally, Barclays PLC boosted its stake in Maui Land & Pineapple by 9.2% in the 4th quarter. Barclays PLC now owns 10,616 shares of the financial services provider’s stock worth $180,000 after purchasing an additional 892 shares in the last quarter. 24.55% of the stock is currently owned by hedge funds and other institutional investors.

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.