Maui Land & Pineapple (NYSE:MLP) Issues Earnings Results

Maui Land & Pineapple (NYSE:MLP) posted its quarterly earnings results on Tuesday. The financial services provider reported ($0.06) earnings per share for the quarter, FiscalAI reports. Maui Land & Pineapple had a negative return on equity of 37.71% and a negative net margin of 61.64%.The business had revenue of $4.53 million during the quarter.

Maui Land & Pineapple Stock Up 0.2%

Shares of NYSE:MLP traded up $0.04 during midday trading on Thursday, hitting $16.14. 965 shares of the stock traded hands, compared to its average volume of 18,174. The business’s 50 day moving average is $16.51 and its two-hundred day moving average is $16.62. The stock has a market capitalization of $318.60 million, a PE ratio of -27.36 and a beta of 0.69. Maui Land & Pineapple has a one year low of $13.84 and a one year high of $20.34.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Valueworks LLC grew its position in shares of Maui Land & Pineapple by 21.1% in the 4th quarter. Valueworks LLC now owns 1,201,935 shares of the financial services provider’s stock worth $20,361,000 after buying an additional 209,613 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Maui Land & Pineapple by 4.0% during the third quarter. Raymond James Financial Inc. now owns 77,540 shares of the financial services provider’s stock valued at $1,445,000 after acquiring an additional 2,985 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Maui Land & Pineapple by 11.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,828 shares of the financial services provider’s stock valued at $370,000 after acquiring an additional 2,189 shares in the last quarter. Steinberganna Wealth Management purchased a new stake in Maui Land & Pineapple in the third quarter worth $304,000. Finally, Diametric Capital LP purchased a new stake in Maui Land & Pineapple in the second quarter worth $198,000. Institutional investors own 24.55% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Maui Land & Pineapple from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Maui Land & Pineapple in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Maui Land & Pineapple has a consensus rating of “Sell”.

About Maui Land & Pineapple

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.