GAMMA Investing LLC Increases Position in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)

GAMMA Investing LLC boosted its stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 2,211.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,909 shares of the financial services provider's stock after purchasing an additional 32,442 shares during the quarter. GAMMA Investing LLC's holdings in Alexander & Baldwin were worth $584,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can increased its stake in Alexander & Baldwin by 2.3% during the fourth quarter. Bank of Montreal Can now owns 27,594 shares of the financial services provider's stock worth $490,000 after acquiring an additional 615 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Alexander & Baldwin by 3.4% during the 4th quarter. American Century Companies Inc. now owns 24,188 shares of the financial services provider's stock worth $429,000 after purchasing an additional 797 shares during the period. 1620 Investment Advisors Inc. increased its position in Alexander & Baldwin by 4.4% during the 4th quarter. 1620 Investment Advisors Inc. now owns 20,937 shares of the financial services provider's stock worth $371,000 after purchasing an additional 879 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Alexander & Baldwin by 0.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 154,562 shares of the financial services provider's stock valued at $2,742,000 after buying an additional 948 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Alexander & Baldwin by 284.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the financial services provider's stock valued at $29,000 after buying an additional 1,239 shares during the period. Institutional investors and hedge funds own 91.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ALEX. Piper Sandler increased their price objective on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Wall Street Zen cut shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a research report on Sunday, March 16th.

Alexander & Baldwin Stock Up 0.1%

Alexander & Baldwin stock traded up $0.01 during midday trading on Thursday, hitting $17.98. 267,017 shares of the company were exchanged, compared to its average volume of 398,342. The company has a market cap of $1.31 billion, a PE ratio of 21.16 and a beta of 1.03. Alexander & Baldwin Holdings, Inc. has a fifty-two week low of $15.70 and a fifty-two week high of $20.30. The company's fifty day moving average price is $17.40 and its 200-day moving average price is $17.64. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.31 and a quick ratio of 0.31.

Alexander & Baldwin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 13th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.01%. Alexander & Baldwin's payout ratio is currently 105.88%.

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.