Maui Land & Pineapple's (MLP) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Maui Land & Pineapple's stock has been reiterated with a "Sell (D-)" rating by Weiss Ratings, indicating ongoing concerns about the company's performance.
• In contrast, Wall Street Zen upgraded the stock from a "sell" to a "hold" rating, suggesting some analysts see potential for improvement.
• Director Stephen M. Case purchased 2,500 shares at an average cost of $16.91, indicating insider confidence amidst broader market struggles.

Maui Land & Pineapple (NYSE:MLP - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by stock analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Maui Land & Pineapple from a "sell" rating to a "hold" rating in a research note on Sunday, September 7th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of "Sell".

Maui Land & Pineapple Price Performance

NYSE MLP opened at $17.36 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.77 and a current ratio of 0.77. The firm's 50 day moving average price is $17.61 and its 200-day moving average price is $16.96. Maui Land & Pineapple has a 52-week low of $14.05 and a 52-week high of $25.78. The company has a market cap of $342.74 million, a PE ratio of -24.45 and a beta of 0.77.

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

Insiders Place Their Bets

In other news, Director Stephen M. Case bought 2,500 shares of the stock in a transaction on Monday, September 8th. The stock was bought at an average cost of $16.91 per share, for a total transaction of $42,275.00. Following the completion of the purchase, the director directly owned 11,937,978 shares in the company, valued at approximately $201,871,207.98. The trade was a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 12,500 shares of company stock valued at $209,313 in the last three months. 65.88% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. raised its holdings in shares of Maui Land & Pineapple by 1.4% in the second quarter. Raymond James Financial Inc. now owns 74,555 shares of the financial services provider's stock worth $1,356,000 after buying an additional 1,000 shares during the last quarter. Strs Ohio purchased a new position in shares of Maui Land & Pineapple in the first quarter worth $26,000. Tower Research Capital LLC TRC raised its holdings in shares of Maui Land & Pineapple by 339.6% in the second 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 last quarter. Bank of America Corp DE raised its holdings in shares of Maui Land & Pineapple by 27.3% in the fourth 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, NBC Securities Inc. raised its holdings in shares of Maui Land & Pineapple by 8.0% during the second quarter. NBC Securities Inc. now owns 46,740 shares of the financial services provider's stock worth $850,000 after purchasing an additional 3,450 shares during the last quarter. Hedge funds and other institutional investors 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.

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