First Hawaiian Bank Takes Position in Maui Land & Pineapple Company, Inc. (NYSE:MLP)

First Hawaiian Bank acquired a new stake in Maui Land & Pineapple Company, Inc. (NYSE:MLP - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,000,000 shares of the financial services provider's stock, valued at approximately $52,710,000. Maui Land & Pineapple comprises approximately 3.2% of First Hawaiian Bank's investment portfolio, making the stock its 7th largest holding. First Hawaiian Bank owned about 15.28% of Maui Land & Pineapple at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Maui Land & Pineapple in the fourth quarter valued at approximately $1,648,000. JPMorgan Chase & Co. increased its holdings in Maui Land & Pineapple by 374.6% during the fourth quarter. JPMorgan Chase & Co. now owns 26,344 shares of the financial services provider's stock worth $579,000 after buying an additional 20,793 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Maui Land & Pineapple by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 16,145 shares of the financial services provider's stock worth $355,000 after buying an additional 1,603 shares during the last quarter. Valueworks LLC increased its holdings in Maui Land & Pineapple by 9.8% during the fourth quarter. Valueworks LLC now owns 803,267 shares of the financial services provider's stock worth $17,656,000 after buying an additional 71,751 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Maui Land & Pineapple by 115.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,208 shares of the financial services provider's stock worth $114,000 after buying an additional 2,786 shares during the last quarter. 24.55% of the stock is currently owned by institutional investors and hedge funds.

Maui Land & Pineapple Stock Up 0.0%

MLP traded up $0.00 during trading on Friday, reaching $15.87. 19,914 shares of the stock were exchanged, compared to its average volume of 17,003. The stock has a market cap of $313.38 million, a P/E ratio of -69.01 and a beta of 0.76. Maui Land & Pineapple Company, Inc. has a twelve month low of $14.05 and a twelve month high of $26.46. The stock's 50 day moving average price is $15.86 and its two-hundred day moving average price is $19.12. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.86 and a current ratio of 2.86.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last issued its earnings results on Thursday, May 15th. The financial services provider reported ($0.44) earnings per share for the quarter. The firm had revenue of $5.80 million for the quarter. Maui Land & Pineapple had a negative return on equity of 14.23% and a negative net margin of 40.09%.

Maui Land & Pineapple Profile

Maui Land & Pineapple Co, Inc is a landholding and operating company, which engages in the development, sale, and management of real estate. It operates through the following segments: Real Estate, Leasing, and Resort Amenities. The Real Estate segment includes land planning and entitlement, development, and sales activities.