Key Points
- CEO insider purchase: Race Randle bought 2,000 shares on Nov. 21 at $14.48 each for $28,960, raising his stake to 56,597 shares (about $819,525), a 3.66% increase in his position.
- Analyst sentiment: MLP has a consensus "Sell" rating after recent downgrades from Wall Street Zen and Weiss Ratings.
- Valuation and trading context: Shares trade near $15.17 with a market cap of ~$299.5M, a negative P/E of -21.37, 50-/200-day moving averages of $16.56/$16.84, and a 52-week range of $13.84–$24.49.
Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) CEO Race Randle purchased 2,000 shares of Maui Land & Pineapple stock in a transaction dated Friday, November 21st. The stock was acquired at an average price of $14.48 per share, with a total value of $28,960.00. Following the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Maui Land & Pineapple Stock Performance
Shares of MLP stock opened at $15.17 on Tuesday. The company's 50 day moving average is $16.56 and its 200 day moving average is $16.84. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.01. The firm has a market cap of $299.53 million, a price-to-earnings ratio of -21.37 and a beta of 0.75. Maui Land & Pineapple Company, Inc. has a 52-week low of $13.84 and a 52-week high of $24.49.
Analyst Ratings Changes
MLP has been the topic of a number of recent research reports. Wall Street Zen downgraded Maui Land & Pineapple from a "hold" rating to a "sell" rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Maui Land & Pineapple in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Maui Land & Pineapple has a consensus rating of "Sell".
Read Our Latest Stock Report on Maui Land & Pineapple
Institutional Trading of Maui Land & Pineapple
Institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio acquired a new position in shares of Maui Land & Pineapple during the 1st quarter worth approximately $26,000. Tower Research Capital LLC TRC raised its position in Maui Land & Pineapple by 339.6% during the second 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. Deutsche Bank AG raised its position in Maui Land & Pineapple by 233.2% during the first quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider's stock worth $121,000 after acquiring an additional 4,807 shares during the period. Nuveen LLC purchased a new position in Maui Land & Pineapple during the first quarter valued at $181,000. Finally, Diametric Capital LP acquired a new stake in shares of Maui Land & Pineapple in the second quarter valued at about $198,000. 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.
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