Heartland Advisors Inc. Purchases 150,000 Shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)

Key Points

• Heartland Advisors Inc. has increased its stake in Alexander & Baldwin Holdings, Inc. by 60%, acquiring an additional 150,000 shares, bringing its total holdings to 400,000 shares valued at approximately $6.89 million.
• A quarterly dividend of $0.225 per share has been announced, set to be paid on October 7th, with an annualized yield of 4.89%.
• A significant 91.29% of Alexander & Baldwin's stock is owned by institutional investors, indicating strong institutional interest in the company.

Heartland Advisors Inc. boosted its position in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 60.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,000 shares of the financial services provider's stock after acquiring an additional 150,000 shares during the period. Heartland Advisors Inc. owned 0.55% of Alexander & Baldwin worth $6,892,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in Alexander & Baldwin during the fourth quarter valued at approximately $206,000. PharVision Advisers LLC bought a new stake in shares of Alexander & Baldwin in the 4th quarter worth approximately $209,000. Tower Research Capital LLC TRC lifted its holdings in shares of 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 worth $234,000 after acquiring an additional 7,653 shares during the last quarter. Hancock Whitney Corp bought a new stake in shares of Alexander & Baldwin in the 4th quarter worth approximately $236,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Alexander & Baldwin in the 4th quarter worth approximately $272,000. Hedge funds and other institutional investors own 91.29% of the company's stock.

Alexander & Baldwin Trading Down 0.7%

NYSE:ALEX traded down $0.13 during midday trading on Wednesday, reaching $18.39. 136,823 shares of the stock traded hands, compared to its average volume of 434,012. The company has a fifty day moving average of $17.90 and a 200 day moving average of $17.58. Alexander & Baldwin Holdings, Inc. has a 12 month low of $15.70 and a 12 month high of $20.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.31 and a current ratio of 0.20. The stock has a market capitalization of $1.34 billion, a P/E ratio of 17.17 and a beta of 1.01.

Alexander & Baldwin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Friday, September 12th will be issued a dividend of $0.225 per share. The ex-dividend date is Friday, September 12th. This represents a $0.90 dividend on an annualized basis and a yield of 4.89%. Alexander & Baldwin's dividend payout ratio is currently 84.11%.

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.