Quantbot Technologies LP Increases Position in Alexander & Baldwin Holdings, Inc. $ALEX

Key Points

• Quantbot Technologies LP significantly increased its stake in Alexander & Baldwin Holdings, Inc. by 215.6%, now holding 34,310 shares valued at approximately $591,000.
• The company declared a quarterly dividend of $0.225 per share, with an annualized dividend yield of 4.7%, to be paid on October 7th.
• A total of 91.29% of Alexander & Baldwin's stock is owned by hedge funds and institutional investors, indicating strong institutional interest in the company.

Quantbot Technologies LP raised its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 215.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,310 shares of the financial services provider's stock after purchasing an additional 23,440 shares during the period. Quantbot Technologies LP's holdings in Alexander & Baldwin were worth $591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of Alexander & Baldwin by 321.2% in the fourth quarter. Bank of America Corp DE now owns 355,240 shares of the financial services provider's stock worth $6,302,000 after buying an additional 270,907 shares during the period. Northern Trust Corp grew its stake in Alexander & Baldwin by 23.5% in the fourth quarter. Northern Trust Corp now owns 1,020,845 shares of the financial services provider's stock worth $18,110,000 after purchasing an additional 194,534 shares in the last quarter. GAMMA Investing LLC grew its stake in Alexander & Baldwin by 2,211.5% in the first quarter. GAMMA Investing LLC now owns 33,909 shares of the financial services provider's stock worth $584,000 after purchasing an additional 32,442 shares in the last quarter. HighTower Advisors LLC grew its stake in Alexander & Baldwin by 39.1% in the first quarter. HighTower Advisors LLC now owns 82,939 shares of the financial services provider's stock worth $1,429,000 after purchasing an additional 23,322 shares in the last quarter. Finally, Diversified Trust Co bought a new position in Alexander & Baldwin in the first quarter worth approximately $606,000. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

Alexander & Baldwin Trading Up 0.1%

NYSE:ALEX traded up $0.03 during midday trading on Friday, hitting $19.36. The stock had a trading volume of 316,088 shares, compared to its average volume of 311,143. Alexander & Baldwin Holdings, Inc. has a one year low of $15.70 and a one year high of $20.11. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.73 and a beta of 1.07. The stock has a 50-day moving average of $18.20 and a 200 day moving average of $17.70. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.44.

Alexander & Baldwin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 12th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, September 12th. Alexander & Baldwin's dividend payout ratio (DPR) is 84.11%.

Alexander & Baldwin 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.