Maui Land & Pineapple (NYSE:MLP) Director Stephen M. Case Purchases 2,500 Shares

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.

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) Director Stephen M. Case bought 2,500 shares of Maui Land & Pineapple stock in a transaction dated Thursday, August 21st. The shares were bought at an average cost of $16.15 per share, with a total value of $40,375.00. Following the completion of the transaction, the director directly owned 11,928,945 shares in the company, valued at approximately $192,652,461.75. This trade represents a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Maui Land & Pineapple Stock Performance

Shares of Maui Land & Pineapple stock traded down $0.22 on Friday, reaching $17.20. 6,093 shares of the company traded hands, compared to its average volume of 16,222. Maui Land & Pineapple Company, Inc. has a 52 week low of $14.05 and a 52 week high of $26.46. The company has a 50 day moving average of $17.23 and a 200 day moving average of $17.15. The firm has a market capitalization of $339.60 million, a PE ratio of -24.23 and a beta of 0.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.77 and a quick ratio of 0.77.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The financial services provider reported ($0.05) 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.

Hedge Funds Weigh In On Maui Land & Pineapple

A number of large investors have recently modified their holdings of the company. First Hawaiian Bank purchased a new stake in Maui Land & Pineapple in the 1st quarter worth approximately $52,710,000. Valueworks LLC lifted its stake in Maui Land & Pineapple by 14.5% in the 1st quarter. Valueworks LLC now owns 919,343 shares of the financial services provider's stock worth $16,153,000 after purchasing an additional 116,076 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Maui Land & Pineapple in the 4th quarter worth approximately $1,648,000. NBC Securities Inc. lifted its stake in Maui Land & Pineapple by 127,223.5% in the 1st quarter. NBC Securities Inc. now owns 43,290 shares of the financial services provider's stock worth $760,000 after purchasing an additional 43,256 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Maui Land & Pineapple by 374.6% in the 4th quarter. JPMorgan Chase & Co. now owns 26,344 shares of the financial services provider's stock worth $579,000 after purchasing an additional 20,793 shares in the last quarter. 24.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.