Maui Land & Pineapple (NYSE:MLP) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

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

Maui Land & Pineapple Price Performance

NYSE:MLP opened at $16.88 on Friday. The firm has a market capitalization of $333.34 million, a price-to-earnings ratio of -23.78 and a beta of 0.78. Maui Land & Pineapple has a 52-week low of $14.05 and a 52-week high of $25.78. The stock has a fifty day moving average of $17.16 and a 200 day moving average of $16.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.77 and a current ratio of 0.77.

Maui Land & Pineapple (NYSE:MLP – Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $4.60 million for the quarter. Maui Land & Pineapple had a negative net margin of 81.82% and a negative return on equity of 45.87%.

Insider Transactions at Maui Land & Pineapple

In other Maui Land & Pineapple news, Director Stephen M. Case acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was bought at an average price of $16.99 per share, with a total value of $42,475.00. Following the completion of the purchase, the director owned 11,933,945 shares of the company’s stock, valued at approximately $202,757,725.55. This represents a 0.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired a total of 12,372 shares of company stock worth $208,798 over the last three months. 65.88% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Maui Land & Pineapple

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. boosted its holdings in shares of Maui Land & Pineapple by 1.4% in the 2nd quarter. Raymond James Financial Inc. now owns 74,555 shares of the financial services provider’s stock worth $1,356,000 after purchasing an additional 1,000 shares in the last quarter. Barclays PLC boosted its holdings in shares of Maui Land & Pineapple by 11.0% in the 4th quarter. Barclays PLC now owns 12,004 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 1,189 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Maui Land & Pineapple by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 304,698 shares of the financial services provider’s stock worth $6,696,000 after purchasing an additional 1,362 shares in the last quarter. Strs Ohio purchased a new position in shares of Maui Land & Pineapple in the 1st quarter worth about $26,000. Finally, Tower Research Capital LLC TRC boosted its holdings 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 purchasing an additional 2,177 shares in the last quarter. 24.55% of the stock is currently owned by hedge funds and other institutional investors.

About Maui Land & Pineapple

(Get Free Report)

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.

Further Reading