Maui Land & Pineapple (NYSE:MLP) Director Purchases $16,439.00 in Stock

Key Points

• Maui Land & Pineapple Director Stephen Case purchased 967 shares of stock for $16,439, increasing his ownership to approximately 11.9 million shares.
• As of the latest trading, Maui Land & Pineapple shares were up $1.63 at $18.71, with a market capitalization of $369.34 million.
• Analysts have recently upgraded Maui Land & Pineapple's stock rating from "sell" to "hold," indicating a shift in market perception.

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) Director Stephen Case bought 967 shares of the stock in a transaction dated Wednesday, September 10th. The stock was purchased at an average cost of $17.00 per share, for a total transaction of $16,439.00. Following the acquisition, the director owned 11,941,445 shares of the company's stock, valued at approximately $203,004,565. This represents a 0.01% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Maui Land & Pineapple Stock Performance

Shares of NYSE:MLP traded up $1.63 during midday trading on Thursday, hitting $18.71. The stock had a trading volume of 28,398 shares, compared to its average volume of 18,266. The company has a market capitalization of $369.34 million, a PE ratio of -26.35 and a beta of 0.78. The stock has a 50 day moving average price of $17.11 and a two-hundred day moving average price of $16.98. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.01. Maui Land & Pineapple Company, Inc. has a 1 year low of $14.05 and a 1 year high of $25.78.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last issued its earnings results on Thursday, August 14th. The financial services provider reported ($0.05) earnings per share for the quarter. The firm had revenue of $4.60 million during the quarter. Maui Land & Pineapple had a negative net margin of 81.82% and a negative return on equity of 45.87%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Maui Land & Pineapple from a "sell" rating to a "hold" rating in a report on Sunday.

Institutional Trading of Maui Land & Pineapple

A number of institutional investors have recently added to or reduced their stakes in the stock. First Hawaiian Bank acquired a new position in Maui Land & Pineapple during the first quarter worth about $52,710,000. Valueworks LLC raised its position in Maui Land & Pineapple by 14.5% during the first quarter. Valueworks LLC now owns 919,343 shares of the financial services provider's stock worth $16,153,000 after acquiring an additional 116,076 shares during the last quarter. NBC Securities Inc. raised its position 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 worth $760,000 after acquiring an additional 43,256 shares during the last quarter. Diametric Capital LP acquired a new position in Maui Land & Pineapple during the second quarter worth about $198,000. Finally, Nuveen LLC acquired a new position in Maui Land & Pineapple during the first quarter worth about $181,000. 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.

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