Alexander & Baldwin Holdings, Inc. $ALEX Shares Sold by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. has sold 19,830 shares of Alexander & Baldwin, reducing its holdings by 46.9%, leaving it with 22,474 shares valued at approximately $387,000.
• Other institutional investors also increased their stakes, with Resona Asset Management and HighTower Advisors growing holdings by 9.7% and 39.1%, respectively, reflecting significant interest in Alexander & Baldwin.
• The company declared a quarterly dividend of $0.225 per share, resulting in an annualized dividend of $0.90 and a dividend yield of 4.9%.

Fox Run Management L.L.C. lowered its stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 46.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,474 shares of the financial services provider's stock after selling 19,830 shares during the quarter. Fox Run Management L.L.C.'s holdings in Alexander & Baldwin were worth $387,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALEX. US Bancorp DE lifted its stake in Alexander & Baldwin by 468.6% in the 1st quarter. US Bancorp DE now owns 6,795 shares of the financial services provider's stock valued at $117,000 after buying an additional 5,600 shares in the last quarter. XTX Topco Ltd purchased a new stake in Alexander & Baldwin in the 4th quarter valued at approximately $206,000. PharVision Advisers LLC purchased a new stake in Alexander & Baldwin in the 4th quarter valued at approximately $209,000. Tower Research Capital LLC TRC lifted its stake in Alexander & Baldwin by 138.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,169 shares of the financial services provider's stock valued at $234,000 after buying an additional 7,653 shares in the last quarter. Finally, Hancock Whitney Corp purchased a new stake in Alexander & Baldwin in the 4th quarter valued at approximately $236,000. Hedge funds and other institutional investors own 91.29% of the company's stock.

Alexander & Baldwin Price Performance

ALEX stock traded up $0.4160 on Friday, reaching $19.0160. The company had a trading volume of 394,006 shares, compared to its average volume of 354,722. The company's fifty day moving average is $18.07 and its 200 day moving average is $17.66. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market cap of $1.38 billion, a P/E ratio of 17.77, a PEG ratio of 1.70 and a beta of 1.04. Alexander & Baldwin Holdings, Inc. has a 1 year low of $15.70 and a 1 year high of $20.11.

Alexander & Baldwin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, September 12th. Alexander & Baldwin's dividend payout ratio is presently 84.11%.

Alexander & Baldwin 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.