Nuveen LLC Purchases New Shares in Alexander & Baldwin Holdings, Inc. $ALEX

Key Points

• Nuveen LLC has acquired 468,293 shares of Alexander & Baldwin Holdings, valued at approximately $8.1 million, representing about 0.64% of the company's total stock.
• The company announced a quarterly dividend of $0.225 per share, set to be paid on October 7th, with a yield of 4.7%.
• A variety of institutional investors have recently increased their holdings in Alexander & Baldwin, with overall institutional ownership at 91.29% of the company's stock.

Nuveen LLC bought a new stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 468,293 shares of the financial services provider's stock, valued at approximately $8,116,000. Nuveen LLC owned about 0.64% of Alexander & Baldwin at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Aigen Investment Management LP boosted its holdings in shares of Alexander & Baldwin by 123.1% during the 1st quarter. Aigen Investment Management LP now owns 28,514 shares of the financial services provider's stock worth $491,000 after buying an additional 15,731 shares in the last quarter. Entropy Technologies LP boosted its holdings in shares of Alexander & Baldwin by 10.3% during the 1st quarter. Entropy Technologies LP now owns 21,225 shares of the financial services provider's stock worth $366,000 after buying an additional 1,985 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Alexander & Baldwin by 9.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 90,477 shares of the financial services provider's stock worth $1,559,000 after buying an additional 7,800 shares in the last quarter. Everett Harris & Co. CA boosted its holdings in shares of Alexander & Baldwin by 29.8% during the 1st quarter. Everett Harris & Co. CA now owns 240,345 shares of the financial services provider's stock worth $4,141,000 after buying an additional 55,185 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Alexander & Baldwin by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 11,650,160 shares of the financial services provider's stock worth $200,732,000 after buying an additional 172,992 shares in the last quarter. 91.29% of the stock is currently owned by institutional investors.

Alexander & Baldwin Trading Up 0.1%

Shares of Alexander & Baldwin stock traded up $0.03 on Friday, reaching $19.36. 316,088 shares of the company's stock were exchanged, compared to its average volume of 323,354. The company has a market capitalization of $1.41 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. Alexander & Baldwin Holdings, Inc. has a 52 week low of $15.70 and a 52 week high of $20.11. The firm's 50-day moving average is $18.20 and its two-hundred day moving average is $17.71. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.20 and a current ratio of 0.20.

Alexander & Baldwin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Friday, September 12th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, September 12th. Alexander & Baldwin's dividend payout ratio is presently 84.11%.

Alexander & Baldwin Profile

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company's simplification and monetization effort.