89,083 Shares in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) Acquired by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp acquired 89,083 shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) in the 1st quarter, valued at approximately $1.535 million, increasing its ownership to about 0.12% of the company.
• A quarterly dividend of $0.225 per share has been announced, with a yield of 4.9%, to be paid on October 7th to shareholders of record on September 12th.
• Institutional investors now control 91.29% of Alexander & Baldwin's stock, with various firms buying positions in the company during the previous quarter.

Mackenzie Financial Corp acquired a new position in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 89,083 shares of the financial services provider's stock, valued at approximately $1,535,000. Mackenzie Financial Corp owned about 0.12% of Alexander & Baldwin at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. XTX Topco Ltd bought a new position in Alexander & Baldwin in the 4th quarter worth approximately $206,000. PharVision Advisers LLC bought a new position in Alexander & Baldwin in the 4th quarter worth approximately $209,000. Tower Research Capital LLC TRC raised its position in Alexander & Baldwin by 138.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,169 shares of the financial services provider's stock worth $234,000 after purchasing an additional 7,653 shares during the last quarter. Hancock Whitney Corp bought a new position in Alexander & Baldwin in the 4th quarter worth approximately $236,000. Finally, Raymond James Financial Inc. bought a new position in Alexander & Baldwin in the 4th quarter worth approximately $272,000. Institutional investors own 91.29% of the company's stock.

Alexander & Baldwin Price Performance

ALEX opened at $18.23 on Tuesday. The company has a fifty day moving average price of $17.96 and a two-hundred day moving average price of $17.59. 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 Holdings, Inc. has a 52 week low of $15.70 and a 52 week high of $20.11. The firm has a market capitalization of $1.33 billion, a PE ratio of 17.04, a P/E/G ratio of 1.59 and a beta of 1.04.

Alexander & Baldwin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Friday, September 12th. Alexander & Baldwin's payout ratio is currently 84.11%.

Alexander & Baldwin Company 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.

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