BlackRock Inc. Invests $9.99 Million in Maui Land & Pineapple Company, Inc. $MLP

BlackRock Inc. acquired a new stake in shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 562,105 shares of the financial services provider's stock, valued at approximately $9,994,000. BlackRock Inc. owned 2.83% of Maui Land & Pineapple at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MLP. Valueworks LLC increased its position in shares of Maui Land & Pineapple by 21.1% in the fourth quarter. Valueworks LLC now owns 1,201,935 shares of the financial services provider's stock valued at $20,361,000 after buying an additional 209,613 shares in the last quarter. TSP Capital Management Group LLC raised its position in shares of Maui Land & Pineapple by 0.3% during the 1st quarter. TSP Capital Management Group LLC now owns 1,102,001 shares of the financial services provider's stock worth $16,960,000 after purchasing an additional 3,560 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Maui Land & Pineapple by 4.0% during the 3rd quarter. Raymond James Financial Inc. now owns 77,540 shares of the financial services provider's stock worth $1,445,000 after purchasing an additional 2,985 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Maui Land & Pineapple by 11.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,828 shares of the financial services provider's stock valued at $370,000 after buying an additional 2,189 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Maui Land & Pineapple in the 2nd quarter worth about $345,000. 24.55% of the stock is owned by hedge funds and other institutional investors.

Maui Land & Pineapple Stock Down 2.4%

MLP stock opened at $16.05 on Friday. The company has a fifty day moving average price of $16.71 and a 200 day moving average price of $16.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.17 and a quick ratio of 0.90. The company has a market cap of $318.75 million, a price-to-earnings ratio of -69.78 and a beta of 0.66. Maui Land & Pineapple Company, Inc. has a 12 month low of $13.84 and a 12 month high of $20.34.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The financial services provider reported ($0.08) EPS for the quarter. The firm had revenue of $3.70 million for the quarter. Maui Land & Pineapple had a negative return on equity of 14.25% and a negative net margin of 28.65%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MLP shares. Weiss Ratings upgraded shares of Maui Land & Pineapple from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday. Wall Street Zen lowered Maui Land & Pineapple from a "hold" rating to a "sell" rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of "Sell".

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Company, Inc NYSE: MLP is a real estate development and natural resource management enterprise headquartered in Kahului on the island of Maui, Hawaii. The company maintains a diversified portfolio of commercial, industrial, retail, hospitality and residential properties, primarily serving the local Maui market. Through its property management and leasing activities, MLP supports a range of tenants and projects designed to meet the evolving needs of residents, small businesses and visitors to the island.

Originally best known for its pineapple cultivation operations dating back to the early 20th century, MLP transitioned from its agricultural roots following the divestiture of its pineapple farming business in 2009.

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