Alexander & Baldwin Holdings, Inc. $ALEX Stock Holdings Increased by Algert Global LLC

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

A number of other hedge funds also recently added to or reduced their stakes in ALEX. US Bancorp DE grew its position 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 valued at $117,000 after purchasing an additional 5,600 shares during the last quarter. XTX Topco Ltd purchased a new position in Alexander & Baldwin during the fourth quarter worth approximately $206,000. PharVision Advisers LLC acquired a new position in shares of Alexander & Baldwin during the 4th quarter valued at $209,000. Tower Research Capital LLC TRC increased 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 worth $234,000 after buying an additional 7,653 shares during the period. Finally, Hancock Whitney Corp purchased a new stake in Alexander & Baldwin during the 4th quarter worth $236,000. 91.29% of the stock is owned by hedge funds and other institutional investors.

Alexander & Baldwin Stock Down 0.3%

Shares of ALEX traded down $0.06 during midday trading on Monday, hitting $18.98. The company had a trading volume of 147,223 shares, compared to its average volume of 424,444. The company's 50 day moving average price is $18.07 and its 200 day moving average price is $17.66. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.70 and a beta of 1.04. Alexander & Baldwin Holdings, Inc. has a 52 week low of $15.70 and a 52 week high of $20.11. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 12th. Alexander & Baldwin's payout ratio is presently 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.