Maui Land & Pineapple (NYSE:MLP) Announces Quarterly Earnings Results

Maui Land & Pineapple (NYSE:MLP) issued its earnings results on Friday. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $3.69 million for the quarter. Maui Land & Pineapple had a negative return on equity of 12.78% and a negative net margin of 23.44%.

Maui Land & Pineapple Stock Down 1.7%

Shares of NYSE MLP traded down $0.27 during midday trading on Friday, hitting $15.32. 19,537 shares of the stock traded hands, compared to its average volume of 17,529. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.38 and a current ratio of 1.38. Maui Land & Pineapple has a one year low of $13.84 and a one year high of $20.34. The business has a 50 day moving average price of $17.33 and a two-hundred day moving average price of $16.66. The company has a market cap of $304.24 million, a PE ratio of -76.59 and a beta of 0.68.

Institutional Trading of Maui Land & Pineapple

Several hedge funds have recently bought and sold shares of MLP. BlackRock Inc. acquired a new position in Maui Land & Pineapple during the second quarter worth $9,994,000. Deutsche Bank AG bought a new position in shares of Maui Land & Pineapple in the second quarter valued at $85,000. Bank of New York Mellon Corp bought a new position in shares of Maui Land & Pineapple in the second quarter valued at $250,000. GSA Capital Partners LLP acquired a new position in shares of Maui Land & Pineapple during the second quarter valued at about $345,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Maui Land & Pineapple during the first quarter valued at about $159,000. Institutional investors and hedge funds own 24.55% of the company’s stock.

Analyst Upgrades and Downgrades

MLP has been the topic of several research reports. Weiss Ratings upgraded shares of Maui Land & Pineapple from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. Wall Street Zen downgraded Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average 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.