Maui Land & Pineapple (NYSE:MLP) Share Price Crosses Below 200-Day Moving Average - Here's Why

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.65 and traded as low as $16.52. Maui Land & Pineapple shares last traded at $16.54, with a volume of 19,227 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Maui Land & Pineapple from a "hold" rating to a "sell" rating in a research note on Saturday.

Maui Land & Pineapple Stock Performance

The stock's 50 day moving average price is $17.23 and its 200 day moving average price is $17.60. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $323.57 million, a price-to-earnings ratio of -21.85 and a beta of 0.81.

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

Insider Transactions at Maui Land & Pineapple

In related news, Director Stephen M. Case acquired 3,339 shares of the business's stock in a transaction on Friday, June 13th. The stock was purchased at an average cost of $17.43 per share, for a total transaction of $58,198.77. Following the completion of the transaction, the director directly owned 11,921,445 shares of the company's stock, valued at approximately $207,790,786.35. The trade was a 0.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 9,409 shares of company stock worth $154,161 in the last three months. Company insiders own 65.88% of the company's stock.

Institutional Investors Weigh In On Maui Land & Pineapple

Several hedge funds have recently bought and sold shares of the stock. Barclays PLC lifted its position in Maui Land & Pineapple by 11.0% during the fourth quarter. Barclays PLC now owns 12,004 shares of the financial services provider's stock worth $264,000 after acquiring an additional 1,189 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Maui Land & Pineapple by 0.4% in 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 in the last quarter. Strs Ohio acquired a new stake in shares of Maui Land & Pineapple in the first quarter valued at approximately $26,000. Bank of America Corp DE raised its position in shares of Maui Land & Pineapple by 27.3% in 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 in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Maui Land & Pineapple by 115.0% in 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 in the last quarter. 24.55% of the stock is currently owned by institutional investors and hedge funds.

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.