Maui Land & Pineapple (NYSE:MLP) Lowered to "Sell" Rating by Wall Street Zen

Wall Street Zen lowered shares of Maui Land & Pineapple (NYSE:MLP - Free Report) from a hold rating to a sell rating in a report published on Saturday.

Maui Land & Pineapple Price Performance

Shares of Maui Land & Pineapple stock traded up $0.43 during trading hours on Friday, hitting $16.85. The company's stock had a trading volume of 17,460 shares, compared to its average volume of 17,052. The company has a market cap of $332.65 million, a PE ratio of -73.26 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 business has a 50 day moving average price of $15.76 and a two-hundred day moving average price of $18.98. Maui Land & Pineapple has a 12-month low of $14.05 and a 12-month high of $26.46.

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

Insider Transactions at Maui Land & Pineapple

In related news, Director Stephen M. Case bought 2,500 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was bought at an average cost of $15.82 per share, with a total value of $39,550.00. Following the completion of the purchase, the director now owns 11,917,116 shares of the company's stock, valued at approximately $188,528,775.12. The trade was a 0.02% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have purchased 6,070 shares of company stock valued at $95,963. 65.88% of the stock is currently owned by corporate insiders.

Institutional Trading of Maui Land & Pineapple

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Maui Land & Pineapple during the fourth quarter valued at about $1,648,000. JPMorgan Chase & Co. boosted its stake in Maui Land & Pineapple by 374.6% during the fourth quarter. JPMorgan Chase & Co. now owns 26,344 shares of the financial services provider's stock valued at $579,000 after buying an additional 20,793 shares during the last quarter. First Hawaiian Bank purchased a new position in Maui Land & Pineapple during the 1st quarter valued at approximately $52,710,000. Valueworks LLC grew its holdings in Maui Land & Pineapple by 9.8% during the 4th quarter. Valueworks LLC now owns 803,267 shares of the financial services provider's stock valued at $17,656,000 after buying an additional 71,751 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Maui Land & Pineapple by 11.0% in the 4th 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 last quarter. Hedge funds and other institutional investors own 24.55% of the company's stock.

Maui Land & Pineapple Company Profile

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.