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

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.

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

Maui Land & Pineapple Stock Up 0.5%

NYSE:MLP traded up $0.09 during trading hours on Friday, hitting $16.67. 2,849 shares of the company traded hands, compared to its average volume of 18,350. The company has a market cap of $329.07 million, a PE ratio of -22.23 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 quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.01. The firm's 50-day simple moving average is $17.25 and its 200-day simple moving average is $17.54.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last released its earnings results on Thursday, May 15th. The financial services provider reported ($0.44) EPS for the quarter. Maui Land & Pineapple had a negative return on equity of 45.76% and a negative net margin of 98.43%. The business had revenue of $5.80 million for the quarter.

Insiders Place Their Bets

In other news, Director Stephen M. Case acquired 3,339 shares of the stock in a transaction dated Friday, June 13th. The stock was purchased at an average cost of $17.43 per share, with a total value of $58,198.77. Following the completion of the purchase, the director owned 11,921,445 shares in the company, valued at approximately $207,790,786.35. The trade was a 0.03% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders purchased 9,409 shares of company stock valued at $154,161. Insiders own 65.88% of the company's stock.

Hedge Funds Weigh In On Maui Land & Pineapple

Hedge funds have recently made changes to their positions in the business. Strs Ohio purchased a new position in shares of Maui Land & Pineapple during the first quarter valued at approximately $26,000. Wells Fargo & Company MN grew its stake in 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 purchasing an additional 2,786 shares during the period. Deutsche Bank AG grew its stake in Maui Land & Pineapple by 233.2% in the first quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider's stock worth $121,000 after purchasing an additional 4,807 shares during the period. Nuveen LLC purchased a new stake in Maui Land & Pineapple in the first quarter worth $181,000. Finally, Bank of America Corp DE grew its stake in shares of Maui Land & Pineapple by 27.3% in the fourth quarter. Bank of America Corp DE now owns 10,181 shares of the financial services provider's stock worth $224,000 after acquiring an additional 2,182 shares during the last quarter. 24.55% of the stock is owned by hedge funds and other institutional investors.

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.