Maui Land & Pineapple Company, Inc. $MLP is Valueworks LLC's 3rd Largest Position

Key Points

• Valueworks LLC increased its holdings in Maui Land & Pineapple Company by 14.5% in the first quarter, making it the firm's third largest position at approximately 6.1% of its portfolio.
• Several institutional investors, including First Hawaiian Bank and JPMorgan Chase & Co., have made significant investments or increases in their stakes in Maui Land & Pineapple recently.
• Maui Land & Pineapple reported a loss of ($0.05) EPS for its latest quarter, along with a negative net margin of 81.82% and revenue of $4.60 million.

Valueworks LLC lifted its holdings in Maui Land & Pineapple Company, Inc. (NYSE:MLP - Free Report) by 14.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 919,343 shares of the financial services provider's stock after purchasing an additional 116,076 shares during the period. Maui Land & Pineapple comprises about 6.1% of Valueworks LLC's portfolio, making the stock its 3rd largest holding. Valueworks LLC owned 4.66% of Maui Land & Pineapple worth $16,153,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MLP. First Hawaiian Bank purchased a new stake in Maui Land & Pineapple during the 1st quarter worth approximately $52,710,000. Raymond James Financial Inc. purchased a new stake in Maui Land & Pineapple during the 4th quarter worth approximately $1,648,000. NBC Securities Inc. increased its stake in Maui Land & Pineapple by 127,223.5% during the 1st quarter. NBC Securities Inc. now owns 43,290 shares of the financial services provider's stock worth $760,000 after buying an additional 43,256 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Maui Land & Pineapple by 374.6% during the 4th quarter. JPMorgan Chase & Co. now owns 26,344 shares of the financial services provider's stock worth $579,000 after buying an additional 20,793 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Maui Land & Pineapple during the 1st quarter worth approximately $181,000. 24.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Maui Land & Pineapple from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th.

Insiders Place Their Bets

In other Maui Land & Pineapple news, Director Stephen M. Case acquired 3,339 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was bought at an average cost of $17.43 per share, for a total transaction of $58,198.77. Following the completion of the transaction, the director owned 11,921,445 shares of the company's stock, valued at approximately $207,790,786.35. The trade was a 0.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased 11,909 shares of company stock valued at $195,861 in the last ninety days. Corporate insiders own 65.88% of the company's stock.

Maui Land & Pineapple Price Performance

MLP stock opened at $17.1630 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.77 and a quick ratio of 0.80. The business has a 50 day simple moving average of $17.23 and a 200-day simple moving average of $17.26. The firm has a market capitalization of $338.80 million, a PE ratio of -24.17 and a beta of 0.81. Maui Land & Pineapple Company, Inc. has a 1 year low of $14.05 and a 1 year high of $26.46.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $4.60 million during the quarter. Maui Land & Pineapple had a negative net margin of 81.82% and a negative return on equity of 45.87%.

Maui Land & Pineapple 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.

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