Maui Land & Pineapple (NYSE:MLP) Upgraded to "Hold" at Wall Street Zen

Key Points

• Maui Land & Pineapple has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a shift in analyst sentiment towards the stock.
• The company's most recent earnings report showed a loss of ($0.05) per share, with a revenue of $4.60 million and a negative return on equity of 44.04%.
• Insiders have been active in the stock, with Director Stephen M. Case acquiring over 3,000 shares, while institutional investors now hold approximately 24.55% of the company's stock.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Maui Land & Pineapple Trading Up 0.1%

Shares of NYSE:MLP traded up $0.02 during mid-day trading on Friday, hitting $17.18. The company had a trading volume of 18,484 shares, compared to its average volume of 14,447. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $339.13 million, a PE ratio of -24.20 and a beta of 0.81. The firm has a fifty day moving average price of $17.36 and a 200 day moving average price of $17.35. Maui Land & Pineapple has a one year low of $14.05 and a one year high of $26.46.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The financial services provider reported ($0.05) earnings per share for the quarter. The company had revenue of $4.60 million during the quarter. Maui Land & Pineapple had a negative return on equity of 44.04% and a negative net margin of 81.82%.

Insider Activity

In other Maui Land & Pineapple news, Director Stephen M. Case purchased 3,339 shares of the firm's stock in a transaction on Friday, June 13th. The stock was bought at an average cost of $17.43 per share, for a total transaction of $58,198.77. Following the completion of the purchase, the director owned 11,921,445 shares in the company, valued at $207,790,786.35. This represents a 0.03% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired 9,409 shares of company stock worth $154,161 over the last ninety days. 65.88% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MLP. First Hawaiian Bank acquired a new position in shares of Maui Land & Pineapple in the 1st quarter worth approximately $52,710,000. Valueworks LLC lifted 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 buying an additional 116,076 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Maui Land & Pineapple by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 304,698 shares of the financial services provider's stock worth $6,696,000 after acquiring an additional 1,362 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Maui Land & Pineapple during the 4th quarter valued at approximately $1,648,000. Finally, NBC Securities Inc. lifted its stake in shares of Maui Land & Pineapple by 8.0% during the 2nd quarter. NBC Securities Inc. now owns 46,740 shares of the financial services provider's stock valued at $850,000 after buying an additional 3,450 shares in the last quarter. Hedge funds and other 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.