Maui Land & Pineapple (NYSE:MLP) Rating Increased to Hold at Wall Street Zen

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

Maui Land & Pineapple Stock Down 4.2%

Shares of MLP traded down $0.73 on Friday, hitting $16.62. 5,188 shares of the stock traded hands, compared to its average volume of 17,151. Maui Land & Pineapple has a one year low of $14.05 and a one year high of $26.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.80 and a current ratio of 0.80. The business has a 50 day simple moving average of $16.74 and a 200 day simple moving average of $17.92. The company has a market capitalization of $328.15 million, a PE ratio of -22.17 and a beta of 0.78.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last posted its earnings results on Thursday, May 15th. The financial services provider reported ($0.44) earnings per share for the quarter. The business had revenue of $5.80 million during the quarter. Maui Land & Pineapple had a negative return on equity of 45.76% and a negative net margin of 98.43%.

Insider Activity at Maui Land & Pineapple

In related news, Director Stephen M. Case acquired 3,339 shares of the firm's stock in a transaction on Friday, June 13th. The shares were acquired at an average cost of $17.43 per share, with a total value of $58,198.77. Following the completion of the acquisition, the director directly owned 11,921,445 shares in the company, valued at approximately $207,790,786.35. This trade represents a 0.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have acquired 9,409 shares of company stock valued at $154,161. 65.88% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Maui Land & Pineapple

Several hedge funds and other institutional investors 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 valued at $52,710,000. Valueworks LLC raised its position in Maui Land & Pineapple by 14.5% during the 1st quarter. Valueworks LLC now owns 919,343 shares of the financial services provider's stock worth $16,153,000 after buying an additional 116,076 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Maui Land & Pineapple by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 304,698 shares of the financial services provider's stock worth $6,696,000 after purchasing an additional 1,362 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Maui Land & Pineapple during the 4th quarter worth $1,648,000. Finally, NBC Securities Inc. increased its holdings in 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 acquiring an additional 3,450 shares in the last quarter. 24.55% of the stock is currently owned by institutional investors and hedge funds.

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.