Maui Land & Pineapple (NYSE:MLP) Issues Earnings Results

Key Points

• Maui Land & Pineapple reported a loss of ($0.05) earnings per share for the quarter, with revenues of $4.60 million and a negative net margin of 98.43%.
• The company's stock price increased 0.1% to $17.18, with a market cap of $339.13 million and a P/E ratio of -22.91.
• Insider ownership is significant, with 65.88% of the stock held by insiders and a director recently acquiring shares, reflecting confidence in the company's future.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) released its earnings results on Thursday. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $4.60 million for the quarter. Maui Land & Pineapple had a negative return on equity of 44.04% and a negative net margin of 81.82%.

Maui Land & Pineapple Trading Up 0.7%

Maui Land & Pineapple stock traded up $0.11 during mid-day trading on Tuesday, hitting $16.70. The stock had a trading volume of 7,901 shares, compared to its average volume of 17,990. The stock has a 50-day simple moving average of $17.34 and a two-hundred day simple moving average of $17.32. The stock has a market capitalization of $329.66 million, a PE ratio of -23.50 and a beta of 0.81. Maui Land & Pineapple has a 12 month low of $14.05 and a 12 month high of $26.46. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Maui Land & Pineapple from a "sell" rating to a "hold" rating in a research note on Saturday.

Insider Transactions at Maui Land & Pineapple

In related news, Director Stephen M. Case bought 3,339 shares of Maui Land & Pineapple 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 acquisition, the director owned 11,921,445 shares in the company, valued at approximately $207,790,786.35. This represents a 0.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 9,409 shares of company stock worth $154,161 in the last quarter. 65.88% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MLP. Strs Ohio bought a new stake in Maui Land & Pineapple during the 1st quarter worth $26,000. Tower Research Capital LLC TRC grew its position in shares of Maui Land & Pineapple by 339.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider's stock valued at $51,000 after buying an additional 2,177 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Maui Land & Pineapple by 1.4% in the 2nd quarter. Raymond James Financial Inc. now owns 74,555 shares of the financial services provider's stock valued at $1,356,000 after buying an additional 1,000 shares during the last quarter. 24.55% of the stock is currently owned by 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.