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

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.16 and traded as low as $17.84. Maui Land & Pineapple shares last traded at $18.30, with a volume of 5,238 shares traded.

Analyst Ratings Changes

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

Maui Land & Pineapple Stock Performance

The company has a market capitalization of $351.17 million, a P/E ratio of -23.72 and a beta of 0.78. The business has a 50-day moving average of $16.54 and a 200-day moving average of $18.05. 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 released its 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 business had revenue of $5.80 million during the quarter.

Insiders Place Their Bets

In other Maui Land & Pineapple news, Director Stephen M. Case bought 3,339 shares of Maui Land & Pineapple stock in a transaction on Friday, June 13th. The shares were acquired at an average price of $17.43 per share, for a total transaction of $58,198.77. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired a total of 9,409 shares of company stock valued at $154,161 in the last 90 days. Company insiders own 65.88% of the company's stock.

Institutional Trading of Maui Land & Pineapple

A number of hedge funds and other institutional investors have recently bought and sold shares of MLP. Strs Ohio purchased a new position in shares of Maui Land & Pineapple during the first quarter valued at $26,000. Wells Fargo & Company MN increased its stake in shares of Maui Land & Pineapple by 115.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,208 shares of the financial services provider's stock valued at $114,000 after buying an additional 2,786 shares during the period. Deutsche Bank AG increased its stake in shares of Maui Land & Pineapple by 233.2% during the first quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider's stock valued at $121,000 after buying an additional 4,807 shares during the period. Nuveen LLC purchased a new position in shares of Maui Land & Pineapple during the first quarter valued at $181,000. Finally, Bank of America Corp DE increased its stake in shares of Maui Land & Pineapple by 27.3% during the fourth quarter. Bank of America Corp DE now owns 10,181 shares of the financial services provider's stock valued at $224,000 after buying an additional 2,182 shares during the period. Hedge funds and other institutional investors own 24.55% of the company's stock.

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.