Maui Land & Pineapple Company, Inc. (NYSE:MLP) Director Acquires $39,550.00 in Stock

Maui Land & Pineapple Company, Inc. (NYSE:MLP) Director Stephen M. Case acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The shares were acquired at an average cost of $15.82 per share, with a total value of $39,550.00. Following the purchase, the director now owns 11,917,116 shares in the company, valued at $188,528,775.12. This represents a 0.02% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Maui Land & Pineapple Stock Performance

Maui Land & Pineapple stock opened at $16.84 on Friday. The firm has a 50 day simple moving average of $15.72 and a 200-day simple moving average of $18.89. Maui Land & Pineapple Company, Inc. has a 1-year low of $14.05 and a 1-year high of $26.46. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 2.86. The stock has a market cap of $332.53 million, a price-to-earnings ratio of -73.23 and a beta of 0.75.

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

Hedge Funds Weigh In On Maui Land & Pineapple

Large investors have recently made changes to their positions in the stock. Strs Ohio acquired a new position in shares of Maui Land & Pineapple in the 1st quarter worth approximately $26,000. Wells Fargo & Company MN lifted its holdings in shares of Maui Land & Pineapple by 115.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,208 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 2,786 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Maui Land & Pineapple by 233.2% in the 1st 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 last quarter. Nuveen LLC acquired a new position in shares of Maui Land & Pineapple in the 1st quarter worth approximately $181,000. Finally, Bank of America Corp DE lifted its holdings in shares of Maui Land & Pineapple by 27.3% in the 4th quarter. Bank of America Corp DE now owns 10,181 shares of the financial services provider’s stock worth $224,000 after acquiring an additional 2,182 shares during the last quarter. 24.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research note on Saturday, May 31st.

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.