NBC Securities Inc. Acquires 43,256 Shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP)

NBC Securities Inc. raised its stake in shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP - Free Report) by 127,223.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,290 shares of the financial services provider's stock after purchasing an additional 43,256 shares during the quarter. NBC Securities Inc. owned 0.22% of Maui Land & Pineapple worth $760,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Maui Land & Pineapple during the fourth quarter valued at approximately $1,648,000. JPMorgan Chase & Co. boosted its holdings 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 valued at $579,000 after purchasing an additional 20,793 shares in the last quarter. First Hawaiian Bank acquired a new position in shares of Maui Land & Pineapple in the 1st quarter worth approximately $52,710,000. Valueworks LLC boosted its holdings in shares of Maui Land & Pineapple by 9.8% in the 4th quarter. Valueworks LLC now owns 803,267 shares of the financial services provider's stock worth $17,656,000 after acquiring an additional 71,751 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Maui Land & Pineapple by 11.0% in the 4th quarter. Bank of New York Mellon Corp now owns 16,145 shares of the financial services provider's stock worth $355,000 after acquiring an additional 1,603 shares in the last quarter. 24.55% of the stock is owned by institutional investors and hedge funds.

Maui Land & Pineapple Trading Down 1.4%

Shares of MLP traded down $0.24 during trading hours on Thursday, reaching $16.67. The stock had a trading volume of 10,969 shares, compared to its average volume of 17,027. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.09. Maui Land & Pineapple Company, Inc. has a 52 week low of $14.05 and a 52 week high of $26.46. The firm has a 50-day moving average of $15.76 and a 200 day moving average of $18.98. The company has a market cap of $329.10 million, a P/E ratio of -72.48 and a beta of 0.76.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last issued its earnings results on Thursday, May 15th. The financial services provider reported ($0.44) earnings per share (EPS) for the quarter. The firm had revenue of $5.80 million during the quarter. Maui Land & Pineapple had a negative net margin of 40.09% and a negative return on equity of 14.23%.

Insider Transactions at Maui Land & Pineapple

In related news, Director Stephen M. Case bought 2,500 shares of Maui Land & Pineapple stock in a transaction dated Monday, June 2nd. The stock was purchased at an average cost of $15.82 per share, with a total value of $39,550.00. Following the transaction, the director now directly owns 11,917,116 shares of the company's stock, valued at approximately $188,528,775.12. The trade was a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 6,070 shares of company stock valued at $95,963 over the last three months. Corporate insiders own 65.88% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Maui Land & Pineapple from a "hold" rating to a "sell" rating in a report on Saturday, May 31st.

About Maui Land & Pineapple

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.