Maui Land & Pineapple (NYSE:MLP) Stock Rating Lowered by 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 downgraded shares of Maui Land & Pineapple (NYSE:MLP - Free Report) from a hold rating to a sell rating in a report issued on Saturday.

Maui Land & Pineapple Trading Up 1.2%

Maui Land & Pineapple stock traded up $0.21 during mid-day trading on Friday, hitting $17.33. 8,798 shares of the company's stock were exchanged, compared to its average volume of 15,529. Maui Land & Pineapple has a fifty-two week low of $14.05 and a fifty-two week high of $25.78. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $342.00 million, a P/E ratio of -24.40 and a beta of 0.78. The company's 50 day simple moving average is $17.21 and its 200-day simple moving average is $17.07.

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

Insider Buying and Selling at Maui Land & Pineapple

In related news, Director Stephen M. Case acquired 3,339 shares of the 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 11,359 shares of company stock valued at $191,587 in the last ninety days. 65.88% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Maui Land & Pineapple

A number of hedge funds and other institutional investors have recently bought and sold shares of MLP. Wells Fargo & Company MN lifted its stake in Maui Land & Pineapple by 115.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,208 shares of the financial services provider's stock valued at $114,000 after acquiring an additional 2,786 shares in the last quarter. Barclays PLC raised its holdings in shares of Maui Land & Pineapple by 11.0% in the fourth quarter. Barclays PLC now owns 12,004 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 1,189 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 worth $6,696,000 after purchasing an additional 1,362 shares in the last quarter. Bank of America Corp DE boosted its holdings in 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 worth $224,000 after purchasing an additional 2,182 shares during the last quarter. Finally, Valueworks LLC grew its position in Maui Land & Pineapple by 9.8% in the fourth quarter. Valueworks LLC now owns 803,267 shares of the financial services provider's stock valued at $17,656,000 after purchasing an additional 71,751 shares in the last quarter. Institutional investors and hedge funds 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.