Maui Land & Pineapple (NYSE:MLP) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Maui Land & Pineapple (NYSE:MLP) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Maui Land & Pineapple Stock Performance

Shares of NYSE MLP opened at $15.50 on Friday. The business has a fifty day simple moving average of $15.81 and a 200 day simple moving average of $19.01. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $305.90 million, a price-to-earnings ratio of -67.37 and a beta of 0.76. Maui Land & Pineapple has a one year low of $14.05 and a one year high of $26.46.

Maui Land & Pineapple (NYSE:MLP) last released its quarterly earnings data on Thursday, May 15th. The financial services provider reported ($0.44) earnings per share (EPS) for the quarter. Maui Land & Pineapple had a negative return on equity of 14.23% and a negative net margin of 40.09%. The company had revenue of $5.80 million for the quarter.

Insiders Place Their Bets

In other Maui Land & Pineapple news, Director Stephen M. Case bought 2,452 shares of the firm’s stock in a transaction dated Friday, May 30th. The shares were bought at an average price of $15.80 per share, for a total transaction of $38,741.60. Following the completion of the acquisition, the director now owns 11,914,616 shares of the company’s stock, valued at approximately $188,250,932.80. This trade represents a 0.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 65.88% of the company’s stock.

Institutional Trading of Maui Land & Pineapple

Several large investors have recently made changes to their positions in the business. Cannell & Spears LLC grew its holdings in shares of Maui Land & Pineapple by 3.9% during the fourth quarter. Cannell & Spears LLC now owns 26,455 shares of the financial services provider’s stock worth $581,000 after purchasing an additional 1,000 shares during the last quarter. Barclays PLC grew its holdings in shares of Maui Land & Pineapple by 11.0% during the fourth 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 during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Maui Land & Pineapple by 0.4% during the fourth 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 during the last quarter. Strs Ohio bought a new stake in shares of Maui Land & Pineapple during the first quarter worth $26,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Maui Land & Pineapple by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 16,145 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 1,603 shares during the last quarter. Institutional investors own 24.55% of the company’s stock.

Maui Land & Pineapple Company Profile

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.