Maui Land & Pineapple (NYSE:MLP) Upgraded to "Hold" at Wall Street Zen

Key Points

• Maui Land & Pineapple has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a potential stabilization in its stock outlook.
• The company reported a $0.05 loss per share in its latest earnings announcement, with a negative return on equity of 45.87%.
• Insider activity shows Director Stephen M. Case purchased 2,500 shares, increasing their ownership stake as insiders hold 65.88% of the company.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Sunday.

Maui Land & Pineapple Stock Down 2.1%

MLP stock opened at $17.03 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $336.15 million, a PE ratio of -23.98 and a beta of 0.78. Maui Land & Pineapple has a 1-year low of $14.05 and a 1-year high of $25.78. The business's 50 day simple moving average is $17.18 and its 200 day simple moving average is $17.03.

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

Insider Transactions at Maui Land & Pineapple

In other news, Director Stephen M. Case purchased 2,500 shares of Maui Land & Pineapple stock in a transaction that occurred on Monday, August 25th. The stock was acquired at an average cost of $16.99 per share, for a total transaction of $42,475.00. Following the purchase, the director directly owned 11,933,945 shares of the company's stock, valued at $202,757,725.55. This trade represents a 0.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders acquired 12,372 shares of company stock valued at $208,798. Insiders own 65.88% of the company's stock.

Institutional Trading of Maui Land & Pineapple

Institutional investors have recently added to or reduced their stakes in the company. Strs Ohio bought a new stake in Maui Land & Pineapple in the 1st quarter valued at $26,000. Tower Research Capital LLC TRC boosted its stake in Maui Land & Pineapple by 339.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 2,177 shares during the period. Wells Fargo & Company MN boosted 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 purchasing an additional 2,786 shares during the period. Deutsche Bank AG boosted its stake in Maui Land & Pineapple by 233.2% in the 1st quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider's stock valued at $121,000 after purchasing an additional 4,807 shares during the period. Finally, Bank of America Corp DE boosted its stake in Maui Land & Pineapple by 27.3% in 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. 24.55% of the stock is currently owned by institutional investors.

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.

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