Mackenzie Financial Corp Purchases New Stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)

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 stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 89,083 shares of the financial services provider's stock, valued at approximately $1,535,000. Mackenzie Financial Corp owned approximately 0.12% of Alexander & Baldwin at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. XTX Topco Ltd bought a new position in Alexander & Baldwin during the fourth quarter valued at approximately $206,000. PharVision Advisers LLC purchased a new stake in shares of Alexander & Baldwin in the 4th quarter valued at $209,000. Tower Research Capital LLC TRC grew its holdings in shares of Alexander & Baldwin by 138.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,169 shares of the financial services provider's stock valued at $234,000 after purchasing an additional 7,653 shares during the last quarter. Hancock Whitney Corp purchased a new position in Alexander & Baldwin in the 4th quarter worth $236,000. Finally, Raymond James Financial Inc. bought a new stake in Alexander & Baldwin in the fourth quarter worth $272,000. 91.29% of the stock is owned by hedge funds and other institutional investors.

Alexander & Baldwin Trading Up 0.4%

NYSE ALEX traded up $0.07 during trading on Friday, hitting $18.24. 71,600 shares of the company's stock traded hands, compared to its average volume of 434,416. The stock has a fifty day moving average of $17.98 and a two-hundred day moving average of $17.61. Alexander & Baldwin Holdings, Inc. has a 12-month low of $15.70 and a 12-month high of $20.11. The firm has a market cap of $1.33 billion, a P/E ratio of 17.05, a PEG ratio of 1.61 and a beta of 1.04. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.20 and a quick ratio of 0.20.

Alexander & Baldwin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Friday, September 12th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, September 12th. Alexander & Baldwin's dividend payout ratio (DPR) is presently 84.11%.

About Alexander & Baldwin

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.