Maui Land & Pineapple Company, Inc. $MLP Stock Position Lifted by Valueworks LLC

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

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Maui Land & Pineapple by 374.6% during the fourth quarter. JPMorgan Chase & Co. now owns 26,344 shares of the financial services provider's stock worth $579,000 after acquiring an additional 20,793 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Maui Land & Pineapple by 115.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,208 shares of the financial services provider's stock valued at $114,000 after buying an additional 2,786 shares during the period. Raymond James Financial Inc. bought a new stake in Maui Land & Pineapple in the 4th quarter valued at about $1,648,000. Barclays PLC raised its stake in Maui Land & Pineapple by 11.0% during the 4th quarter. Barclays PLC now owns 12,004 shares of the financial services provider's stock worth $264,000 after buying an additional 1,189 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Maui Land & Pineapple by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 304,698 shares of the financial services provider's stock worth $6,696,000 after buying an additional 1,362 shares during the period. Institutional investors and hedge funds own 24.55% of the company's stock.

Insiders Place Their Bets

In other news, Director Stephen M. Case acquired 3,339 shares of Maui Land & Pineapple stock in a transaction on Friday, June 13th. The stock was acquired at an average cost of $17.43 per share, with a total value of $58,198.77. Following the transaction, the director owned 11,921,445 shares of the company's stock, valued at approximately $207,790,786.35. This trade represents a 0.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought 16,881 shares of company stock worth $278,509 in the last 90 days. 65.88% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Maui Land & Pineapple Stock Up 0.0%

Shares of Maui Land & Pineapple stock traded up $0.01 on Thursday, hitting $17.26. The company had a trading volume of 7,037 shares, compared to its average volume of 18,208. Maui Land & Pineapple Company, Inc. has a 1 year low of $14.05 and a 1 year high of $26.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50 day moving average of $17.22 and a 200-day moving average of $17.19. The stock has a market capitalization of $340.61 million, a price-to-earnings ratio of -24.33 and a beta of 0.81.

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

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.