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) issued its quarterly earnings results on Thursday. The financial services provider reported ($0.05) EPS for the quarter, Zacks reports. 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%.

Maui Land & Pineapple Stock Performance

MLP traded down $0.3350 on Wednesday, hitting $16.0650. 38,263 shares of the stock traded hands, compared to its average volume of 14,870. The business has a fifty day moving average price of $17.28 and a two-hundred day moving average price of $17.31. The company has a current ratio of 0.77, a quick ratio of 0.80 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $317.12 million, a PE ratio of -22.63 and a beta of 0.81. Maui Land & Pineapple has a 52 week low of $14.05 and a 52 week high of $26.46.

Wall Street Analyst Weigh In

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

Insider Activity

In other Maui Land & Pineapple news, Director Stephen M. Case acquired 3,339 shares of Maui Land & Pineapple stock in a transaction dated Friday, June 13th. The stock was bought at an average cost of $17.43 per share, with a total value of $58,198.77. Following the acquisition, the director owned 11,921,445 shares of the company's stock, valued at approximately $207,790,786.35. The trade was a 0.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have acquired 9,409 shares of company stock valued at $154,161. Corporate insiders own 65.88% of the company's stock.

Hedge Funds Weigh In On Maui Land & Pineapple

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. lifted its holdings in Maui Land & Pineapple by 1.4% during 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 purchasing an additional 1,000 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Maui Land & Pineapple by 339.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 2,177 shares during the period. Finally, Strs Ohio bought a new position in shares of Maui Land & Pineapple in the 1st quarter valued at about $26,000. Institutional investors own 24.55% of the company's stock.

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.