Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) Shares Acquired by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP increased its stake in Alexander & Baldwin Holdings, Inc. by 123.1% during the first quarter, now holding a total of 28,514 shares valued at approximately $491,000.
• Shares of Alexander & Baldwin opened at $18.46 and the firm has declared a quarterly dividend of $0.225 per share, which translates to an annualized yield of 4.9%.
• Institutional investors and hedge funds collectively own 91.29% of Alexander & Baldwin's stock, highlighting significant institutional interest in the company.

Aigen Investment Management LP lifted its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 123.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,514 shares of the financial services provider's stock after buying an additional 15,731 shares during the quarter. Aigen Investment Management LP's holdings in Alexander & Baldwin were worth $491,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. US Bancorp DE grew its stake in Alexander & Baldwin by 468.6% during the 1st quarter. US Bancorp DE now owns 6,795 shares of the financial services provider's stock valued at $117,000 after purchasing an additional 5,600 shares in the last quarter. XTX Topco Ltd acquired a new stake in Alexander & Baldwin during the 4th quarter valued at approximately $206,000. PharVision Advisers LLC acquired a new stake in Alexander & Baldwin during the 4th quarter valued at approximately $209,000. Tower Research Capital LLC TRC grew its stake in 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 in the last quarter. Finally, Hancock Whitney Corp acquired a new stake in Alexander & Baldwin during the 4th quarter valued at approximately $236,000. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

Alexander & Baldwin Stock Performance

Shares of ALEX traded up $0.01 during mid-day trading on Friday, hitting $18.44. The stock had a trading volume of 385,705 shares, compared to its average volume of 414,162. The company has a market cap of $1.34 billion, a PE ratio of 17.23, a PEG ratio of 1.63 and a beta of 1.04. The company's fifty day simple moving average is $18.03 and its two-hundred day simple moving average is $17.64. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.44. Alexander & Baldwin Holdings, Inc. has a fifty-two week low of $15.70 and a fifty-two week high of $20.11.

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 $0.225 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.90 annualized dividend and a dividend yield of 4.9%. Alexander & Baldwin's dividend payout ratio (DPR) 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.