Maui Land & Pineapple (NYSE:MLP) Shares Pass Below 200 Day Moving Average - Should You Sell?

Shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.98 and traded as low as $17.17. Maui Land & Pineapple shares last traded at $17.46, with a volume of 9,065 shares.

Wall Street Analysts Forecast Growth

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

Maui Land & Pineapple Trading Down 4.1%

The firm has a market cap of $328.31 million, a P/E ratio of -22.17 and a beta of 0.78. The firm's fifty day moving average is $16.74 and its two-hundred day moving average is $17.92. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.01.

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

Insider Activity

In related news, Director Stephen M. Case acquired 3,339 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were bought at an average price 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 in the company, valued at approximately $207,790,786.35. This trade represents a 0.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased a total of 9,409 shares of company stock valued at $154,161 in the last 90 days. Corporate 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 added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in Maui Land & Pineapple during the fourth quarter valued at $1,648,000. First Hawaiian Bank purchased a new position in Maui Land & Pineapple in the 1st quarter worth about $52,710,000. JPMorgan Chase & Co. increased its position in Maui Land & Pineapple by 374.6% during the 4th quarter. JPMorgan Chase & Co. now owns 26,344 shares of the financial services provider's stock valued at $579,000 after purchasing an additional 20,793 shares during the period. Bank of America Corp DE increased its position in Maui Land & Pineapple by 27.3% during the 4th quarter. Bank of America Corp DE now owns 10,181 shares of the financial services provider's stock valued at $224,000 after purchasing an additional 2,182 shares during the period. Finally, NBC Securities Inc. grew its position in shares of Maui Land & Pineapple by 127,223.5% in the 1st quarter. NBC Securities Inc. now owns 43,290 shares of the financial services provider's stock worth $760,000 after buying an additional 43,256 shares during the last quarter. 24.55% of the stock is owned by hedge funds and other institutional investors.

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.