Key Points
- Director Stephen Case bought 5,000 shares at $16.79 on Dec. 11 for $83,950, increasing his stake to 11,987,534 shares (about $201.27M), a roughly 0.04% rise in ownership.
- Maui Land & Pineapple trades near $17.19 with a market cap of $339.3M, a negative PE (-29.13) and weak profitability (net margin -61.64%, ROE -37.71%), and carries an average analyst rating of "Sell" despite one upgrade to "Hold."
Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) Director Stephen Case bought 5,000 shares of the business's stock in a transaction on Thursday, December 11th. The stock was acquired at an average cost 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 $201,270,695.86. This represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Maui Land & Pineapple Trading Down 0.8%
Shares of NYSE:MLP opened at $17.19 on Friday. The firm has a market cap of $339.25 million, a PE ratio of -29.13 and a beta of 0.64. The company has a fifty day simple moving average of $15.83 and a 200 day simple moving average of $16.89. Maui Land & Pineapple Company, Inc. has a 12-month low of $13.84 and a 12-month high of $23.41.
Maui Land & Pineapple (NYSE:MLP - Get Free Report) last posted its quarterly earnings data on Friday, November 14th. The financial services provider reported $0.01 EPS 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%.
Hedge Funds Weigh In On Maui Land & Pineapple
Several institutional investors have recently made changes to their positions in MLP. Strs Ohio acquired a new position in Maui Land & Pineapple during the 1st quarter worth $26,000. Tower Research Capital LLC TRC raised its stake in shares of 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 valued at $51,000 after purchasing an additional 2,177 shares in the last quarter. Deutsche Bank AG lifted 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 worth $121,000 after purchasing an additional 4,807 shares during the period. Nuveen LLC bought a new position in Maui Land & Pineapple in the 1st quarter valued at about $181,000. Finally, Diametric Capital LP acquired a new position in Maui Land & Pineapple during the 2nd quarter valued at about $198,000. 24.55% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages have issued reports on MLP. Wall Street Zen upgraded Maui Land & Pineapple from a "sell" rating to a "hold" rating in a research note on Saturday, December 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Maui Land & Pineapple in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Sell".
Check Out Our Latest Research Report on Maui Land & Pineapple
Maui Land & Pineapple Company Profile
(
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
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