Stephen Case Buys 2,630 Shares of Maui Land & Pineapple (NYSE:MLP) Stock

Maui Land & Pineapple Company, Inc. (NYSE:MLP) Director Stephen Case acquired 2,630 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was acquired at an average price of $15.99 per share, for a total transaction of $42,053.70. Following the completion of the purchase, the director directly owned 11,979,084 shares of the company’s stock, valued at $191,545,553.16. This trade represents a 0.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Maui Land & Pineapple Stock Performance

Shares of NYSE:MLP traded up $0.01 on Friday, hitting $16.42. 34,822 shares of the company were exchanged, compared to its average volume of 19,879. The company’s 50 day moving average price is $16.02 and its two-hundred day moving average price is $16.85. The firm has a market capitalization of $324.16 million, a price-to-earnings ratio of -27.83 and a beta of 0.64. Maui Land & Pineapple Company, Inc. has a one year low of $13.84 and a one year high of $23.41.

Maui Land & Pineapple (NYSE:MLP) last announced its quarterly earnings results on Friday, November 14th. The financial services provider reported $0.01 earnings per share (EPS) for the quarter. Maui Land & Pineapple had a negative net margin of 61.64% and a negative return on equity of 37.71%. The firm had revenue of $4.53 million for the quarter.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MLP. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Maui Land & Pineapple in a research note on Wednesday, October 8th. Wall Street Zen lowered Maui Land & Pineapple from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Maui Land & Pineapple presently has an average rating of “Sell”.

Institutional Investors Weigh In On Maui Land & Pineapple

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. raised its stake in Maui Land & Pineapple by 1.4% during the 2nd quarter. Raymond James Financial Inc. now owns 74,555 shares of the financial services provider’s stock worth $1,356,000 after buying an additional 1,000 shares during the period. Strs Ohio purchased a new stake in Maui Land & Pineapple in the 1st quarter valued at about $26,000. Tower Research Capital LLC TRC lifted its holdings in 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 worth $51,000 after acquiring an additional 2,177 shares during the period. NBC Securities Inc. boosted its holdings in shares of Maui Land & Pineapple by 8.0% in the 2nd quarter. NBC Securities Inc. now owns 46,740 shares of the financial services provider’s stock worth $850,000 after buying an additional 3,450 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Maui Land & Pineapple by 233.2% during the 1st 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 last quarter. 24.55% of the stock is currently owned by 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.