Maui Land & Pineapple (NYSE:MLP) Stock Rating Upgraded by Wall Street Zen

Maui Land & Pineapple (NYSE:MLP) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Maui Land & Pineapple in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Maui Land & Pineapple Stock Up 1.2%

NYSE MLP opened at $17.45 on Friday. The company has a market capitalization of $344.36 million, a P/E ratio of -29.57 and a beta of 0.64. Maui Land & Pineapple has a 12-month low of $13.84 and a 12-month high of $23.24. The firm has a 50-day moving average price of $15.89 and a two-hundred day moving average price of $16.93.

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

Insider Buying and Selling

In other news, CEO Race A. Randle bought 2,000 shares of the stock in a transaction on Friday, November 21st. The stock was acquired at an average price of $14.48 per share, with a total value of $28,960.00. Following the acquisition, the chief executive officer directly owned 56,597 shares in the company, valued at approximately $819,524.56. This trade represents a 3.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen M. Case purchased 5,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were purchased at an average cost of $16.79 per share, for a total transaction of $83,950.00. Following the completion of the purchase, the director directly owned 11,987,534 shares of the company’s stock, valued at approximately $201,270,695.86. This represents a 0.04% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 31,389 shares of company stock worth $482,240 in the last 90 days. Company insiders own 65.88% of the company’s stock.

Institutional Investors Weigh In On Maui Land & Pineapple

Several hedge funds have recently added to or reduced their stakes in the business. Valueworks LLC grew its stake in shares of Maui Land & Pineapple by 2.1% in the third quarter. Valueworks LLC now owns 992,322 shares of the financial services provider’s stock worth $18,497,000 after purchasing an additional 20,255 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Maui Land & Pineapple by 4.0% in the 3rd quarter. Raymond James Financial Inc. now owns 77,540 shares of the financial services provider’s stock worth $1,445,000 after purchasing an additional 2,985 shares during the period. Steinberganna Wealth Management acquired a new position in shares of Maui Land & Pineapple in the 3rd quarter worth approximately $304,000. Tower Research Capital LLC TRC boosted its stake 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 last quarter. Finally, Diametric Capital LP acquired a new stake in shares of Maui Land & Pineapple during the second quarter worth $198,000. 24.55% of the stock is currently owned by institutional investors and hedge funds.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Company, Inc (NYSE: MLP) is a real estate development and natural resource management enterprise headquartered in Kahului on the island of Maui, Hawaii. The company maintains a diversified portfolio of commercial, industrial, retail, hospitality and residential properties, primarily serving the local Maui market. Through its property management and leasing activities, MLP supports a range of tenants and projects designed to meet the evolving needs of residents, small businesses and visitors to the island.

Originally best known for its pineapple cultivation operations dating back to the early 20th century, MLP transitioned from its agricultural roots following the divestiture of its pineapple farming business in 2009.