Versor Investments LP Takes $526,000 Position in 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 acquired a new position in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 30,500 shares of the financial services provider's stock, valued at approximately $526,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ALEX. Bank of Montreal Can raised its position in shares of Alexander & Baldwin by 2.3% in the 4th quarter. Bank of Montreal Can now owns 27,594 shares of the financial services provider's stock worth $490,000 after acquiring an additional 615 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Alexander & Baldwin by 3.2% in the first quarter. PNC Financial Services Group Inc. now owns 19,810 shares of the financial services provider's stock valued at $341,000 after purchasing an additional 621 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Alexander & Baldwin by 0.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 154,562 shares of the financial services provider's stock worth $2,742,000 after purchasing an additional 948 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of Alexander & Baldwin by 3.1% during the first quarter. Y Intercept Hong Kong Ltd now owns 34,193 shares of the financial services provider's stock valued at $589,000 after buying an additional 1,033 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Alexander & Baldwin by 6.7% in the 1st quarter. New York State Common Retirement Fund now owns 22,185 shares of the financial services provider's stock valued at $382,000 after buying an additional 1,400 shares in the last quarter. Institutional investors own 91.29% of the company's stock.

Alexander & Baldwin Stock Up 2.2%

Shares of Alexander & Baldwin stock traded up $0.4160 on Friday, reaching $19.0160. The stock had a trading volume of 394,006 shares, compared to its average volume of 361,092. Alexander & Baldwin Holdings, Inc. has a 1 year low of $15.70 and a 1 year high of $20.11. The company has a 50 day moving average price of $18.07 and a 200 day moving average price of $17.66. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $1.38 billion, a P/E ratio of 17.77, a P/E/G ratio of 1.70 and a beta of 1.04.

Alexander & Baldwin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Friday, September 12th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.7%. Alexander & Baldwin's dividend payout ratio is presently 84.11%.

About Alexander & Baldwin

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.