First Hawaiian Bank Buys Shares of 3,000,000 Maui Land & Pineapple Company, Inc. (NYSE:MLP)

First Hawaiian Bank purchased a new stake in Maui Land & Pineapple Company, Inc. (NYSE:MLP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,000,000 shares of the financial services provider's stock, valued at approximately $52,710,000. Maui Land & Pineapple makes up approximately 3.2% of First Hawaiian Bank's portfolio, making the stock its 7th largest position. First Hawaiian Bank owned 15.28% of Maui Land & Pineapple at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Valueworks LLC raised its holdings in shares of 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 purchasing an additional 71,751 shares during the period. Bank of America Corp DE raised its holdings in shares of Maui Land & Pineapple by 27.3% during the fourth quarter. Bank of America Corp DE now owns 10,181 shares of the financial services provider's stock worth $224,000 after purchasing an additional 2,182 shares during the period. Dauntless Investment Group LLC acquired a new stake in shares of Maui Land & Pineapple during the fourth quarter worth $286,000. Dimensional Fund Advisors LP raised its holdings in shares of Maui Land & Pineapple by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 304,698 shares of the financial services provider's stock worth $6,696,000 after purchasing an additional 1,362 shares during the period. Finally, Barclays PLC grew its position in shares of Maui Land & Pineapple by 11.0% during the fourth quarter. Barclays PLC now owns 12,004 shares of the financial services provider's stock worth $264,000 after acquiring an additional 1,189 shares during the last quarter. 24.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Maui Land & Pineapple from a "hold" rating to a "sell" rating in a research report on Saturday.

Maui Land & Pineapple Stock Performance

Shares of Maui Land & Pineapple stock traded down $0.19 during trading on Monday, hitting $15.70. 4,040 shares of the stock were exchanged, compared to its average volume of 18,261. The stock's fifty day moving average is $15.86 and its 200 day moving average is $19.06. The stock has a market cap of $309.85 million, a PE ratio of -68.24 and a beta of 0.76. 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 Company, Inc. has a 12 month low of $14.05 and a 12 month high of $26.46.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The financial services provider reported ($0.44) EPS 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 Company 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.