74,985 Shares in Maui Land & Pineapple Company, Inc. (NYSE:MLP) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 74,985 shares of the financial services provider's stock, valued at approximately $1,648,000. Raymond James Financial Inc. owned about 0.38% of Maui Land & Pineapple as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MLP. Wells Fargo & Company MN grew its stake 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 valued at $114,000 after acquiring an additional 2,786 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Maui Land & Pineapple by 61.9% in the third quarter. JPMorgan Chase & Co. now owns 5,551 shares of the financial services provider's stock worth $125,000 after buying an additional 2,122 shares in the last quarter. Barclays PLC boosted its stake in Maui Land & Pineapple by 296.9% during the third quarter. Barclays PLC now owns 10,815 shares of the financial services provider's stock valued at $243,000 after buying an additional 8,090 shares during the period. Bank of New York Mellon Corp grew its position in Maui Land & Pineapple by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 16,145 shares of the financial services provider's stock worth $355,000 after buying an additional 1,603 shares in the last quarter. Finally, Cannell & Spears LLC increased its stake in Maui Land & Pineapple by 3.9% in the 4th quarter. Cannell & Spears LLC now owns 26,455 shares of the financial services provider's stock worth $581,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 24.55% of the company's stock.

Maui Land & Pineapple Price Performance

Shares of NYSE MLP traded down $0.28 during midday trading on Wednesday, hitting $14.81. 29,849 shares of the company's stock were exchanged, compared to its average volume of 17,120. Maui Land & Pineapple Company, Inc. has a 12-month low of $14.05 and a 12-month high of $26.46. The company has a market cap of $292.30 million, a price-to-earnings ratio of -64.37 and a beta of 0.76. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.09. The business's fifty day moving average price is $16.85 and its two-hundred day moving average price is $19.95.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last posted its quarterly earnings data on Monday, March 31st. The financial services provider reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $3.41 million for the quarter. Maui Land & Pineapple had a negative return on equity of 14.23% and a negative net margin of 40.09%.

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.