Versor Investments LP Purchases Shares of 30,500 Alexander & Baldwin Holdings, Inc. $ALEX

Key Points

• Versor Investments LP has invested approximately $526,000 in Alexander & Baldwin Holdings, acquiring 30,500 shares in the 1st quarter.
• The company's recent stock performance shows a 1 year low of $15.70 and a 1 year high of $20.11, with a current market cap of $1.36 billion.
• A quarterly dividend of $0.225 has been declared, which translates to an annualized dividend of $0.90 and a yield of 4.8%.

Versor Investments LP purchased a new stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,500 shares of the financial services provider's stock, valued at approximately $526,000.

Other institutional investors and hedge funds have also modified their holdings of the company. US Bancorp DE lifted its stake in Alexander & Baldwin by 468.6% in the 1st quarter. US Bancorp DE now owns 6,795 shares of the financial services provider's stock worth $117,000 after acquiring an additional 5,600 shares in the last quarter. XTX Topco Ltd purchased a new stake in Alexander & Baldwin in the 4th quarter worth about $206,000. PharVision Advisers LLC purchased a new stake in Alexander & Baldwin in the 4th quarter worth about $209,000. Tower Research Capital LLC TRC lifted its stake in 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 in the last quarter. Finally, Hancock Whitney Corp purchased a new stake in Alexander & Baldwin in the 4th quarter worth about $236,000. Hedge funds and other institutional investors own 91.29% of the company's stock.

Alexander & Baldwin Stock Down 0.2%

Alexander & Baldwin stock traded down $0.0450 during mid-day trading on Monday, hitting $18.9950. The company's stock had a trading volume of 283,988 shares, compared to its average volume of 354,722. The firm's 50 day moving average is $18.09 and its 200 day moving average is $17.66. The company has a market cap of $1.38 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.70 and a beta of 1.04. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.20 and a quick ratio of 0.20. Alexander & Baldwin Holdings, Inc. has a 52-week low of $15.70 and a 52-week high of $20.11.

Alexander & Baldwin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Friday, September 12th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 12th. Alexander & Baldwin's dividend payout ratio is currently 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.