Alexander & Baldwin Holdings, Inc. $ALEX Shares Bought by AlphaQuest LLC

Key Points

• AlphaQuest LLC significantly increased its holdings in Alexander & Baldwin Holdings, Inc. by 10,293.3%, now owning 51,239 shares valued at approximately $883,000.
• In addition to AlphaQuest, other institutional investors have also raised their stakes, with Wells Fargo increasing its holdings by 27.1% in the fourth quarter.
• A quarterly dividend of $0.225 per share has been announced, representing an annualized dividend of $0.90 and a yield of 4.7%.

AlphaQuest LLC increased its holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 10,293.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,239 shares of the financial services provider's stock after buying an additional 50,746 shares during the quarter. AlphaQuest LLC owned about 0.07% of Alexander & Baldwin worth $883,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ALEX. Wells Fargo & Company MN increased its holdings in Alexander & Baldwin by 27.1% in the 4th quarter. Wells Fargo & Company MN now owns 45,550 shares of the financial services provider's stock worth $808,000 after buying an additional 9,709 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Alexander & Baldwin by 5.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 68,518 shares of the financial services provider's stock worth $1,216,000 after purchasing an additional 3,675 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Alexander & Baldwin during the 4th quarter worth approximately $272,000. XTX Topco Ltd acquired a new stake in shares of Alexander & Baldwin during the 4th quarter worth approximately $206,000. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Alexander & Baldwin by 0.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 154,562 shares of the financial services provider's stock worth $2,742,000 after purchasing an additional 948 shares during the period. Institutional investors and hedge funds own 91.29% of the company's stock.

Alexander & Baldwin Price Performance

Shares of NYSE ALEX opened at $19.0160 on Monday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.70 and a beta of 1.04. Alexander & Baldwin Holdings, Inc. has a 12 month low of $15.70 and a 12 month high of $20.11. The firm's 50 day simple moving average is $18.07 and its 200-day simple moving average is $17.66. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.7%. 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.

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