GAMMA Investing LLC Has $584,000 Stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)

GAMMA Investing LLC lifted its stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 2,211.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,909 shares of the financial services provider's stock after buying an additional 32,442 shares during the period. GAMMA Investing LLC's holdings in Alexander & Baldwin were worth $584,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in shares of 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. Wealthfront Advisers LLC bought a new stake in shares of Alexander & Baldwin in the fourth quarter valued at about $112,000. XTX Topco Ltd bought a new stake in shares of Alexander & Baldwin in the fourth quarter valued at about $206,000. PharVision Advisers LLC bought a new stake in shares of Alexander & Baldwin in the fourth quarter valued at about $209,000. Finally, Aigen Investment Management LP bought a new stake in shares of Alexander & Baldwin in the fourth quarter valued at about $227,000. Institutional investors own 91.29% of the company's stock.

Alexander & Baldwin Price Performance

NYSE:ALEX traded down $0.11 during mid-day trading on Friday, hitting $17.86. The company's stock had a trading volume of 814,512 shares, compared to its average volume of 398,215. Alexander & Baldwin Holdings, Inc. has a fifty-two week low of $15.70 and a fifty-two week high of $20.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 21.01 and a beta of 1.03. The stock has a fifty day moving average of $17.47 and a 200-day moving average of $17.59.

Alexander & Baldwin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 13th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.04%. The ex-dividend date is Friday, June 13th. Alexander & Baldwin's dividend payout ratio (DPR) is presently 105.88%.

Wall Street Analysts Forecast Growth

ALEX has been the subject of several research reports. Piper Sandler increased their target price on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Wall Street Zen lowered shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a research report on Sunday, March 16th.

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.