Algert Global LLC Purchases 51,310 Shares of Alexander & Baldwin Holdings, Inc. $ALEX

Key Points

• Algert Global LLC increased its stake in Alexander & Baldwin Holdings by 52.6%, acquiring an additional 51,310 shares in the first quarter, bringing its total ownership to 148,917 shares valued at approximately $2.57 million.
• The company declared a quarterly dividend of $0.225 per share, with a yield of 4.8%, set to be paid on October 7th to shareholders of record on September 12th.
• A significant 91.29% of Alexander & Baldwin's stock is owned by institutional investors, indicating strong institutional interest in the company.

Algert Global LLC lifted its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 52.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 148,917 shares of the financial services provider's stock after buying an additional 51,310 shares during the period. Algert Global LLC owned about 0.20% of Alexander & Baldwin worth $2,566,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. US Bancorp DE grew its stake in shares of Alexander & Baldwin by 468.6% in the first quarter. US Bancorp DE now owns 6,795 shares of the financial services provider's stock worth $117,000 after purchasing an additional 5,600 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Alexander & Baldwin in the fourth quarter worth $206,000. PharVision Advisers LLC bought a new stake in shares of Alexander & Baldwin in the fourth quarter worth $209,000. Tower Research Capital LLC TRC grew its stake in shares of Alexander & Baldwin by 138.7% in the fourth 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. Finally, Hancock Whitney Corp bought a new stake in shares of Alexander & Baldwin in the fourth quarter worth $236,000. Institutional investors own 91.29% of the company's stock.

Alexander & Baldwin Trading Up 0.3%

Shares of Alexander & Baldwin stock traded up $0.06 during trading on Tuesday, hitting $19.08. The company's stock had a trading volume of 413,415 shares, compared to its average volume of 347,537. 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 Holdings, Inc. has a 52 week low of $15.70 and a 52 week high of $20.11. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.70 and a beta of 1.04. The stock has a 50-day moving average price of $18.12 and a two-hundred day moving average price of $17.67.

Alexander & Baldwin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Friday, September 12th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.90 annualized dividend and a dividend yield of 4.7%. Alexander & Baldwin's payout ratio is currently 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.