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Stephen Case Buys 2,500 Shares of Maui Land & Pineapple (NYSE:MLP) Stock

Maui Land & Pineapple logo with Finance background

Key Points

  • Stephen Case, a director at Maui Land & Pineapple, purchased 2,500 shares at an average price of $16.15, increasing his total holdings to approximately 11.93 million shares valued at around $192.65 million.
  • Maui Land & Pineapple experienced a price drop, trading at $16.8550, and reported a negative EPS of ($0.05) for the last quarter with a revenue of $4.60 million.
  • Recent institutional activity included a 339.6% increase in holdings by Tower Research Capital and new positions bought by several hedge funds, now owning 24.55% of the company's stock.
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Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) Director Stephen Case purchased 2,500 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was acquired at an average price of $16.15 per share, for a total transaction of $40,375.00. Following the acquisition, the director owned 11,928,945 shares in the company, valued at $192,652,461.75. This trade represents a 0.02% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Maui Land & Pineapple Stock Performance

Maui Land & Pineapple stock traded down $0.2550 during mid-day trading on Monday, hitting $16.8550. The company had a trading volume of 11,510 shares, compared to its average volume of 18,411. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.01. Maui Land & Pineapple Company, Inc. has a 12-month low of $14.05 and a 12-month high of $26.46. The company's fifty day moving average is $17.23 and its 200-day moving average is $17.22. The company has a market capitalization of $332.72 million, a price-to-earnings ratio of -23.74 and a beta of 0.81.

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) 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 company had revenue of $4.60 million during the quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Maui Land & Pineapple from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th.

Get Our Latest Research Report on MLP

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio purchased a new position in shares of Maui Land & Pineapple during the 1st quarter valued at approximately $26,000. Tower Research Capital LLC TRC lifted its holdings 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 in the last quarter. Wells Fargo & Company MN lifted its holdings 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 in the last quarter. Deutsche Bank AG lifted its holdings 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 in the last quarter. Finally, Nuveen LLC purchased a new position in Maui Land & Pineapple in the 1st quarter valued at $181,000. Hedge funds and other institutional investors own 24.55% of the company's stock.

Maui Land & Pineapple Company Profile

(Get Free Report)

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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