Maui Land & Pineapple (NYSE:MLP) Stock Crosses Below Two Hundred Day Moving Average - What's Next?

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.69 and traded as low as $17.21. Maui Land & Pineapple shares last traded at $17.26, with a volume of 31,878 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Maui Land & Pineapple from a "hold" rating to a "sell" rating in a report on Saturday, May 31st.

Maui Land & Pineapple Price Performance

The company's 50-day moving average is $15.91 and its 200-day moving average is $18.55. The firm has a market capitalization of $333.41 million, a price-to-earnings ratio of -22.52 and a beta of 0.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.80 and a quick ratio of 0.80.

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

Insider Buying and Selling

In other news, Director Stephen M. Case bought 2,452 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was acquired at an average price of $15.80 per share, for a total transaction of $38,741.60. Following the acquisition, the director now owns 11,914,616 shares of the company's stock, valued at $188,250,932.80. This trade represents a 0.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have bought 9,409 shares of company stock valued at $154,161. 65.88% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Cannell & Spears LLC grew its stake in Maui Land & Pineapple by 3.9% during the fourth quarter. Cannell & Spears LLC now owns 26,455 shares of the financial services provider's stock worth $581,000 after buying an additional 1,000 shares during the period. Barclays PLC boosted its position in Maui Land & Pineapple by 11.0% during the 4th quarter. Barclays PLC now owns 12,004 shares of the financial services provider's stock worth $264,000 after purchasing an additional 1,189 shares during the period. Dimensional Fund Advisors LP boosted its position in 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. Strs Ohio acquired a new stake in Maui Land & Pineapple in the 1st quarter valued at $26,000. Finally, Bank of New York Mellon Corp raised its position in Maui Land & Pineapple by 11.0% in the fourth quarter. Bank of New York Mellon Corp now owns 16,145 shares of the financial services provider's stock valued at $355,000 after purchasing an additional 1,603 shares during the period. 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.