Maui Land & Pineapple (NYSE:MLP) Rating Lowered to Sell at Wall Street Zen

Key Points

• Maui Land & Pineapple has been downgraded from a "hold" rating to a "sell" rating by analysts at Wall Street Zen.
• The company reported a quarterly EPS of ($0.05) with a negative return on equity of 45.87% and a revenue of $4.60 million.
• Insider trading activity shows that 65.88% of the company's stock is owned by insiders, with recent purchases indicating confidence in the stock's long-term potential.

Wall Street Zen lowered shares of Maui Land & Pineapple (NYSE:MLP - Free Report) from a hold rating to a sell rating in a report published on Saturday morning.

Maui Land & Pineapple Price Performance

Shares of NYSE MLP traded down $0.16 during trading on Friday, reaching $17.22. The company had a trading volume of 16,974 shares, compared to its average volume of 18,155. The stock has a 50-day moving average price of $17.22 and a two-hundred day moving average price of $17.08. Maui Land & Pineapple has a twelve month low of $14.05 and a twelve month high of $26.46. The stock has a market capitalization of $339.88 million, a PE ratio of -24.25 and a beta of 0.78. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.01.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last announced its earnings results on Thursday, August 14th. The financial services provider reported ($0.05) earnings per share for the quarter. The firm had revenue of $4.60 million during the quarter. Maui Land & Pineapple had a negative net margin of 81.82% and a negative return on equity of 45.87%.

Insider Buying and Selling

In related news, Director Stephen M. Case acquired 3,339 shares of the company's stock in a transaction dated Friday, June 13th. The stock was bought at an average price of $17.43 per share, with a total value of $58,198.77. Following the purchase, the director directly owned 11,921,445 shares in the company, valued at $207,790,786.35. The trade was a 0.03% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired 11,359 shares of company stock valued at $191,587 in the last ninety days. Corporate insiders own 65.88% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN increased its position in 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 worth $114,000 after purchasing an additional 2,786 shares during the last quarter. Barclays PLC increased its holdings in shares of 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 buying an additional 1,189 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 buying an additional 1,362 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of 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 worth $224,000 after buying an additional 2,182 shares during the last quarter. Finally, Valueworks LLC increased its holdings in shares of Maui Land & Pineapple by 9.8% during the 4th quarter. Valueworks LLC now owns 803,267 shares of the financial services provider's stock worth $17,656,000 after buying an additional 71,751 shares during the last quarter. Institutional investors and hedge funds 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.