Insider Buying: Maui Land & Pineapple Company, Inc. (NYSE:MLP) Director Purchases 890 Shares of Stock

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) Director Stephen M. Case bought 890 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was purchased at an average cost of $15.81 per share, with a total value of $14,070.90. Following the completion of the transaction, the director now directly owns 11,918,006 shares of the company's stock, valued at approximately $188,423,674.86. The trade was a 0.01% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Maui Land & Pineapple Price Performance

Shares of NYSE MLP traded up $0.27 during trading hours on Friday, reaching $16.85. 4,896 shares of the stock traded hands, compared to its average volume of 16,984. The company's 50-day simple moving average is $15.73 and its two-hundred day simple moving average is $18.94. Maui Land & Pineapple Company, Inc. has a 52-week low of $14.05 and a 52-week high of $26.46. The company has a market capitalization of $332.55 million, a P/E ratio of -73.24 and a beta of 0.75. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.09.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last announced its earnings results on Thursday, May 15th. The financial services provider reported ($0.44) EPS for the quarter. The business had revenue of $5.80 million for the quarter. Maui Land & Pineapple had a negative net margin of 40.09% and a negative return on equity of 14.23%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Maui Land & Pineapple from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st.

Institutional Investors Weigh In On Maui Land & Pineapple

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MLP. Strs Ohio bought a new stake in Maui Land & Pineapple during the first quarter worth about $26,000. Wells Fargo & Company MN grew its stake in shares of Maui Land & Pineapple by 115.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,208 shares of the financial services provider's stock worth $114,000 after acquiring an additional 2,786 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Maui Land & Pineapple by 233.2% during the first quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider's stock valued at $121,000 after acquiring an additional 4,807 shares in the last quarter. Nuveen LLC purchased a new position in shares of Maui Land & Pineapple in the 1st quarter worth about $181,000. Finally, Bank of America Corp DE boosted its stake in Maui Land & Pineapple by 27.3% in the 4th quarter. Bank of America Corp DE now owns 10,181 shares of the financial services provider's stock worth $224,000 after purchasing an additional 2,182 shares in the last quarter. 24.55% of the stock is owned by hedge funds and other institutional investors.

About Maui Land & Pineapple

Maui Land & Pineapple Co, Inc is a landholding and operating company, which engages in the development, sale, and management of real estate. It operates through the following segments: Real Estate, Leasing, and Resort Amenities. The Real Estate segment includes land planning and entitlement, development, and sales activities.