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

Key Points

• Meredith J. Ching, VP of Alexander & Baldwin Holdings, sold **700 shares** of the company's stock at an average price of **$18.14**, totaling **$12,698.00**, reducing her ownership to **148,249 shares**.
• The company announced a **quarterly dividend** of **$0.225 per share**, set to be paid on **October 7th**, representing an annualized yield of **5.0%** with a payout ratio of **84.11%**.
• A significant portion of the company’s stock, **91.29%**, is owned by **institutional investors and hedge funds**, indicating strong institutional interest in Alexander & Baldwin Holdings.

Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Get Free Report) VP Meredith J. Ching sold 700 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $18.14, for a total transaction of $12,698.00. Following the sale, the vice president directly owned 148,249 shares of the company's stock, valued at $2,689,236.86. The trade was a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Alexander & Baldwin Price Performance

NYSE ALEX traded down $0.11 during mid-day trading on Monday, hitting $18.11. The stock had a trading volume of 233,823 shares, compared to its average volume of 452,951. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 1.61 and a beta of 1.04. The company has a 50 day simple moving average of $17.99 and a 200 day simple moving average of $17.61. Alexander & Baldwin Holdings, Inc. has a 52-week low of $15.70 and a 52-week high of $20.11. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.90 annualized dividend and a yield of 5.0%. Alexander & Baldwin's dividend payout ratio is currently 84.11%.

Institutional Trading of Alexander & Baldwin

Several hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp acquired a new position in Alexander & Baldwin during the first quarter valued at approximately $41,000. Parallel Advisors LLC boosted its holdings in Alexander & Baldwin by 76.7% in the 2nd quarter. Parallel Advisors LLC now owns 2,462 shares of the financial services provider's stock worth $44,000 after buying an additional 1,069 shares during the period. CWM LLC increased its position in shares of Alexander & Baldwin by 188.2% during the 2nd quarter. CWM LLC now owns 3,213 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 2,098 shares during the last quarter. Quarry LP raised its position in Alexander & Baldwin by 32.3% in the 1st quarter. Quarry LP now owns 4,264 shares of the financial services provider's stock worth $73,000 after purchasing an additional 1,042 shares during the period. Finally, US Bancorp DE increased its position in shares of Alexander & Baldwin by 468.6% during the first quarter. US Bancorp DE now owns 6,795 shares of the financial services provider's stock valued at $117,000 after buying an additional 5,600 shares during the period. Institutional investors and hedge funds own 91.29% of the company's stock.

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.

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