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

Key Points

• Maui Land & Pineapple has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, signaling potential concerns regarding its stock performance.
• The company reported (–$0.44) EPS for the last quarter and has a negative net margin of 98.43%, indicating significant financial struggles.
• Despite the negative outlook, insider buying has been observed, with Director Stephen M. Case acquiring over 3,300 shares recently.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Maui Land & Pineapple Trading Down 3.6%

Shares of MLP opened at $16.39 on Friday. The company has a market capitalization of $323.54 million, a P/E ratio of -21.85 and a beta of 0.81. Maui Land & Pineapple has a one year low of $14.05 and a one year high of $26.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a 50-day moving average price of $17.23 and a 200 day moving average price of $17.60.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last issued its quarterly 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 during the quarter. Maui Land & Pineapple had a negative net margin of 98.43% and a negative return on equity of 45.76%.

Insider Buying and Selling

In other news, Director Stephen M. Case acquired 3,339 shares of the business's stock in a transaction on Friday, June 13th. The shares were purchased at an average price of $17.43 per share, for a total transaction of $58,198.77. Following the completion of the purchase, the director directly owned 11,921,445 shares of the company's stock, valued at $207,790,786.35. This represents a 0.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 9,409 shares of company stock valued at $154,161 over the last ninety days. Corporate insiders own 65.88% of the company's stock.

Institutional Trading of Maui Land & Pineapple

Institutional investors and hedge funds have recently bought and sold shares of the company. First Hawaiian Bank acquired a new stake in Maui Land & Pineapple during the first quarter valued at approximately $52,710,000. JPMorgan Chase & Co. raised 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 in the last quarter. Bank of America Corp DE raised its stake in Maui Land & Pineapple by 27.3% during the fourth quarter. Bank of America Corp DE now owns 10,181 shares of the financial services provider's stock valued at $224,000 after buying an additional 2,182 shares in the last quarter. NBC Securities Inc. raised its stake in Maui Land & Pineapple by 127,223.5% during the first quarter. NBC Securities Inc. now owns 43,290 shares of the financial services provider's stock valued at $760,000 after buying an additional 43,256 shares in the last quarter. Finally, Valueworks LLC raised its stake in Maui Land & Pineapple by 9.8% during the fourth 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. Institutional investors and hedge funds 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.

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