Maui Land & Pineapple (NYSE:MLP) Stock Crosses Above 50-Day Moving Average - Here's Why

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $16.01 and traded as high as $17.88. Maui Land & Pineapple shares last traded at $17.84, with a volume of 26,443 shares trading hands.

Analysts Set New Price Targets

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

Maui Land & Pineapple Price Performance

The firm's 50 day simple moving average is $16.17 and its two-hundred day simple moving average is $18.30. 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 firm has a market capitalization of $357.59 million, a P/E ratio of -24.15 and a beta of 0.75.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The financial services provider reported ($0.44) EPS for the quarter. The company 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%.

Insiders Place Their Bets

In other news, Director Stephen M. Case purchased 2,452 shares of the business's stock in a transaction on Friday, May 30th. The shares were acquired at an average price of $15.80 per share, with a total value of $38,741.60. Following the acquisition, the director now directly owns 11,914,616 shares in the company, valued at approximately $188,250,932.80. The trade was a 0.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have purchased 9,409 shares of company stock valued at $154,161 in the last ninety days. Company insiders own 65.88% of the company's stock.

Institutional Trading of Maui Land & Pineapple

A number of institutional investors have recently modified their holdings of MLP. First Hawaiian Bank bought a new position in Maui Land & Pineapple during the 1st quarter valued at approximately $52,710,000. Valueworks LLC increased its stake in shares of Maui Land & Pineapple by 14.5% during 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 stake 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 valued at $6,696,000 after buying an additional 1,362 shares during the period. Raymond James Financial Inc. bought a new position in shares of Maui Land & Pineapple during the fourth quarter valued at approximately $1,648,000. Finally, NBC Securities Inc. lifted its stake in Maui Land & Pineapple by 127,223.5% in the first quarter. NBC Securities Inc. now owns 43,290 shares of the financial services provider's stock worth $760,000 after acquiring an additional 43,256 shares during the period. 24.55% of the stock is currently owned by hedge funds and other 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.