Insider Selling: Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) VP Sells 700 Shares of Stock

Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Get Free Report) VP Meredith J. Ching sold 700 shares of Alexander & Baldwin stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $17.93, for a total value of $12,551.00. Following the sale, the vice president owned 148,949 shares of the company's stock, valued at approximately $2,670,655.57. This trade represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Alexander & Baldwin Price Performance

Shares of NYSE ALEX traded up $0.05 during trading hours on Monday, reaching $17.94. 371,847 shares of the stock traded hands, compared to its average volume of 398,748. The company has a market capitalization of $1.30 billion, a P/E ratio of 21.10 and a beta of 1.01. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.45. Alexander & Baldwin Holdings, Inc. has a 52-week low of $15.70 and a 52-week high of $20.30. The company's 50-day simple moving average is $17.80 and its two-hundred day simple moving average is $17.54.

Alexander & Baldwin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Friday, June 13th were paid a $0.225 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.90 dividend on an annualized basis and a yield of 5.02%. Alexander & Baldwin's dividend payout ratio (DPR) is currently 105.88%.

Hedge Funds Weigh In On Alexander & Baldwin

A number of large investors have recently bought and sold shares of ALEX. Smartleaf Asset Management LLC increased its stake in Alexander & Baldwin by 284.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the financial services provider's stock worth $29,000 after purchasing an additional 1,239 shares during the period. Jones Financial Companies Lllp purchased a new position in Alexander & Baldwin in the 1st quarter worth approximately $41,000. Parallel Advisors LLC increased its stake in shares of Alexander & Baldwin by 76.7% during the second quarter. Parallel Advisors LLC now owns 2,462 shares of the financial services provider's stock valued at $44,000 after buying an additional 1,069 shares during the period. Quarry LP increased its stake in shares of Alexander & Baldwin by 32.3% during the first quarter. Quarry LP now owns 4,264 shares of the financial services provider's stock valued at $73,000 after buying an additional 1,042 shares during the period. Finally, Wealthfront Advisers LLC purchased a new position in shares of Alexander & Baldwin during the fourth quarter valued at approximately $112,000. 91.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen cut Alexander & Baldwin from a "buy" rating to a "hold" rating in a report on Sunday, March 16th.

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.