Maui Land & Pineapple (NYSE:MLP) Director Stephen Case Buys 2,500 Shares

Key Points

• Stephen Case, Director of Maui Land & Pineapple, purchased 2,500 shares at an average price of $16.91, increasing his ownership to approximately 11.94 million shares.
• As of Wednesday, Maui Land & Pineapple's stock was trading at $17.09, with a market cap of $337.26 million and a 52-week range between $14.05 and $25.78.
• Wall Street analysts have upgraded Maui Land & Pineapple's rating from "sell" to "hold," reflecting positive sentiment about the company's future performance.

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) Director Stephen Case acquired 2,500 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was purchased at an average price of $16.91 per share, with a total value of $42,275.00. Following the completion of the acquisition, the director owned 11,937,978 shares in the company, valued at $201,871,207.98. The trade was a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Maui Land & Pineapple Price Performance

Shares of MLP traded up $0.10 during trading hours on Wednesday, reaching $17.09. 16,382 shares of the stock traded hands, compared to its average volume of 18,206. The company has a market cap of $337.26 million, a P/E ratio of -24.06 and a beta of 0.78. Maui Land & Pineapple Company, Inc. has a 52-week low of $14.05 and a 52-week high of $25.78. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.01. The company's 50-day moving average price is $17.13 and its two-hundred day moving average price is $16.98.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Maui Land & Pineapple

Several hedge funds have recently added to or reduced their stakes in the business. First Hawaiian Bank acquired a new stake in shares of Maui Land & Pineapple in the first quarter worth approximately $52,710,000. Valueworks LLC raised its holdings in Maui Land & Pineapple by 14.5% in the first quarter. Valueworks LLC now owns 919,343 shares of the financial services provider's stock valued at $16,153,000 after acquiring an additional 116,076 shares in the last quarter. NBC Securities Inc. raised its holdings in Maui Land & Pineapple by 127,223.5% in the first quarter. NBC Securities Inc. now owns 43,290 shares of the financial services provider's stock valued at $760,000 after acquiring an additional 43,256 shares in the last quarter. Diametric Capital LP acquired a new stake in Maui Land & Pineapple in the second quarter valued at $198,000. Finally, Nuveen LLC acquired a new stake in shares of Maui Land & Pineapple during the first quarter worth $181,000. 24.55% of the stock is currently owned by hedge funds and other institutional investors.

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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