Maui Land & Pineapple (NYSE:MLP) Upgraded 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 Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Sunday.

Maui Land & Pineapple Stock Performance

NYSE:MLP traded up $1.63 during mid-day trading on Friday, hitting $18.71. 28,398 shares of the company traded hands, compared to its average volume of 17,625. The stock's fifty day moving average price is $17.12 and its 200-day moving average price is $16.98. Maui Land & Pineapple has a one year low of $14.05 and a one year 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 cap of $369.39 million, a price-to-earnings ratio of -26.35 and a beta of 0.78.

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) earnings per share (EPS) for the quarter. The company had revenue of $4.60 million for 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 at Maui Land & Pineapple

In other news, Director Stephen M. Case purchased 3,339 shares of the company's stock in a transaction on Friday, June 13th. The stock was acquired 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 in the company, valued at $207,790,786.35. This trade represents a 0.03% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased 15,839 shares of company stock valued at $267,512 in the last three months. Corporate insiders own 65.88% of the company's stock.

Hedge Funds Weigh In On Maui Land & Pineapple

A number of hedge funds have recently modified their holdings of MLP. Strs Ohio purchased a new position in shares of Maui Land & Pineapple in the first quarter worth $26,000. Tower Research Capital LLC TRC increased 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 worth $51,000 after buying an additional 2,177 shares during the period. Wells Fargo & Company MN increased its position in Maui Land & Pineapple by 115.0% during 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 increased its position in Maui Land & Pineapple by 233.2% during 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, Nuveen LLC purchased a new position in Maui Land & Pineapple during the 1st quarter valued at about $181,000. 24.55% of the stock is currently owned by 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.