Maui Land & Pineapple (NYSE:MLP) Share Price Passes Below 200-Day Moving Average – Here’s Why

Maui Land & Pineapple Company, Inc. (NYSE:MLP)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.16 and traded as low as $17.84. Maui Land & Pineapple shares last traded at $18.30, with a volume of 5,238 shares changing hands.

Wall Street Analysts Forecast Growth

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

Maui Land & Pineapple Stock Performance

The stock has a fifty day simple moving average of $16.45 and a 200-day simple moving average of $18.16. The stock has a market cap of $361.24 million, a P/E ratio of -24.40 and a beta of 0.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.80 and a current ratio of 0.80.

Maui Land & Pineapple (NYSE:MLP) last posted 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 45.76% and a negative net margin of 98.43%. The firm had revenue of $5.80 million for the quarter.

Insider Buying and Selling at Maui Land & Pineapple

In other Maui Land & Pineapple news, Director Stephen M. Case acquired 3,339 shares of the business’s stock in a transaction dated Friday, June 13th. The shares were acquired at an average price of $17.43 per share, with a total value of $58,198.77. Following the completion of the transaction, the director directly owned 11,921,445 shares in the company, valued at $207,790,786.35. This trade represents a 0.03% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have purchased 9,409 shares of company stock worth $154,161. 65.88% of the stock is owned by company insiders.

Institutional Investors Weigh In On Maui Land & Pineapple

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cannell & Spears LLC grew its holdings in shares of Maui Land & Pineapple by 3.9% in the 4th quarter. Cannell & Spears LLC now owns 26,455 shares of the financial services provider’s stock valued at $581,000 after acquiring an additional 1,000 shares in the last quarter. Barclays PLC boosted its position in Maui Land & Pineapple by 11.0% during the fourth quarter. Barclays PLC now owns 12,004 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 1,189 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Maui Land & Pineapple by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 304,698 shares of the financial services provider’s stock valued at $6,696,000 after purchasing an additional 1,362 shares in the last quarter. Strs Ohio acquired a new position in shares of Maui Land & Pineapple during the 1st quarter worth approximately $26,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Maui Land & Pineapple by 11.0% during the 4th 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 in the last quarter. 24.55% of the stock is currently owned by institutional investors and hedge funds.

About Maui Land & Pineapple

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.