Insider Buying: Maui Land & Pineapple (NYSE:MLP) Director Buys $49,140.00 in Stock

Maui Land & Pineapple Company, Inc. (NYSE:MLP) Director Stephen Case bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was bought at an average price of $16.38 per share, with a total value of $49,140.00. Following the transaction, the director directly owned 11,982,084 shares in the company, valued at $196,266,535.92. This represents a 0.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Maui Land & Pineapple Trading Down 0.8%

MLP stock opened at $17.19 on Friday. The firm’s 50-day moving average is $15.83 and its two-hundred day moving average is $16.89. The company has a market capitalization of $339.25 million, a price-to-earnings ratio of -29.13 and a beta of 0.64. Maui Land & Pineapple Company, Inc. has a 52 week low of $13.84 and a 52 week high of $23.41.

Maui Land & Pineapple (NYSE:MLP) last posted its quarterly earnings data 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 business had revenue of $4.53 million during the quarter.

Institutional Investors Weigh In On Maui Land & Pineapple

Large investors have recently modified their holdings of the stock. Strs Ohio acquired a new position in shares of Maui Land & Pineapple in the 1st quarter worth $26,000. Tower Research Capital LLC TRC boosted its position in shares of Maui Land & Pineapple by 339.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 2,177 shares during the period. Deutsche Bank AG increased its stake in 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 purchasing an additional 4,807 shares in the last quarter. Nuveen LLC acquired a new stake in Maui Land & Pineapple during the 1st quarter worth about $181,000. Finally, Diametric Capital LP acquired a new stake in Maui Land & Pineapple during the 2nd quarter worth about $198,000. 24.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wall Street Zen raised Maui Land & Pineapple from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Maui Land & Pineapple in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Maui Land & Pineapple currently has an average rating of “Sell”.

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.