Maui Land & Pineapple (NYSE:MLP) Cut to "Sell" at Wall Street Zen

Wall Street Zen cut shares of Maui Land & Pineapple (NYSE:MLP - Free Report) from a hold rating to a sell rating in a research note released on Saturday morning.

Maui Land & Pineapple Stock Performance

Shares of NYSE MLP traded up $0.75 during mid-day trading on Friday, hitting $16.25. The stock had a trading volume of 6,508 shares, compared to its average volume of 16,955. The firm has a market cap of $320.81 million, a PE ratio of -70.65 and a beta of 0.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.86 and a current ratio of 2.86. The company has a 50 day moving average of $15.81 and a two-hundred day moving average of $19.01. Maui Land & Pineapple has a twelve month low of $14.05 and a twelve month high of $26.46.

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

Insider Activity

In other Maui Land & Pineapple news, Director Stephen M. Case bought 2,452 shares of Maui Land & Pineapple stock in a transaction that occurred on Friday, May 30th. The stock was purchased at an average price of $15.80 per share, with a total value of $38,741.60. Following the completion of the acquisition, the director now directly owns 11,914,616 shares in the company, valued at approximately $188,250,932.80. This trade represents a 0.02% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 65.88% of the company's stock.

Institutional Investors Weigh In On Maui Land & Pineapple

Several hedge funds have recently bought and sold shares of MLP. JPMorgan Chase & Co. raised its stake in shares of Maui Land & Pineapple by 61.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,551 shares of the financial services provider's stock worth $125,000 after buying an additional 2,122 shares during the period. Bank of New York Mellon Corp raised its position in Maui Land & Pineapple by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 16,145 shares of the financial services provider's stock worth $355,000 after acquiring an additional 1,603 shares during the period. Raymond James Financial Inc. purchased a new position in Maui Land & Pineapple during the fourth quarter valued at $1,648,000. Cannell & Spears LLC grew its position in shares of Maui Land & Pineapple by 3.9% in the fourth quarter. Cannell & Spears LLC now owns 26,455 shares of the financial services provider's stock valued at $581,000 after purchasing an additional 1,000 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Maui Land & Pineapple by 115.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,208 shares of the financial services provider's stock worth $114,000 after purchasing an additional 2,786 shares in the last quarter. Hedge funds and other institutional investors own 24.55% of the company's stock.

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.