Maui Land & Pineapple (NYSE:MLP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Maui Land & Pineapple (NYSE:MLP) from a sell rating to a hold rating in a research report released on Saturday.

Maui Land & Pineapple Price Performance

Shares of NYSE MLP opened at $16.62 on Friday. Maui Land & Pineapple has a twelve month low of $14.05 and a twelve month high of $26.46. The firm has a market cap of $328.08 million, a P/E ratio of -23.41 and a beta of 0.81. The company has a 50 day moving average of $17.34 and a 200 day moving average of $17.32. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.01.

Maui Land & Pineapple (NYSE:MLP) last announced its quarterly earnings data on Thursday, August 14th. The financial services provider reported ($0.05) earnings per share for the quarter. Maui Land & Pineapple had a negative return on equity of 44.04% and a negative net margin of 81.82%. The firm had revenue of $4.60 million during the quarter.

Insiders Place Their Bets

In related news, Director Stephen M. Case bought 3,339 shares of the firm’s stock in a transaction on Friday, June 13th. The stock was acquired at an average cost of $17.43 per share, for a total transaction of $58,198.77. Following the purchase, the director owned 11,921,445 shares in the company, valued at approximately $207,790,786.35. This represents a 0.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have purchased 9,409 shares of company stock valued at $154,161. 65.88% of the stock is owned by insiders.

Institutional Investors Weigh In On Maui Land & Pineapple

A number of hedge funds have recently added to or reduced their stakes in the stock. First Hawaiian Bank purchased a new stake in Maui Land & Pineapple during the 1st quarter valued at $52,710,000. Valueworks LLC raised its stake in Maui Land & Pineapple by 14.5% during the 1st quarter. Valueworks LLC now owns 919,343 shares of the financial services provider’s stock valued at $16,153,000 after buying an additional 116,076 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Maui Land & Pineapple by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 304,698 shares of the financial services provider’s stock valued at $6,696,000 after buying an additional 1,362 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Maui Land & Pineapple during the 4th quarter valued at $1,648,000. Finally, NBC Securities Inc. raised its stake in Maui Land & Pineapple by 8.0% during the 2nd quarter. NBC Securities Inc. now owns 46,740 shares of the financial services provider’s stock valued at $850,000 after buying an additional 3,450 shares during the last quarter. 24.55% of the stock is currently owned by hedge funds and other institutional investors.

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.