Stephen M. Case Purchases 2,452 Shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP) Stock

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) Director Stephen M. Case acquired 2,452 shares of the stock in a transaction on Friday, May 30th. The shares were bought at an average price of $15.80 per share, for a total transaction of $38,741.60. Following the purchase, the director now owns 11,914,616 shares in the company, valued at approximately $188,250,932.80. This trade represents a 0.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Maui Land & Pineapple Trading Up 0.3%

Shares of MLP traded up $0.05 during trading hours on Thursday, hitting $16.96. 418 shares of the stock were exchanged, compared to its average volume of 18,226. Maui Land & Pineapple Company, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $26.46. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 2.86. The business has a 50-day moving average of $15.76 and a 200-day moving average of $18.98. The firm has a market capitalization of $334.82 million, a P/E ratio of -73.74 and a beta of 0.76.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The financial services provider reported ($0.44) earnings per share (EPS) for the quarter. The business had revenue of $5.80 million for the quarter. Maui Land & Pineapple had a negative net margin of 40.09% and a negative return on equity of 14.23%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. First Hawaiian Bank purchased a new position in Maui Land & Pineapple in the first quarter worth $52,710,000. Valueworks LLC grew its position in Maui Land & Pineapple by 14.5% in the first quarter. Valueworks LLC now owns 919,343 shares of the financial services provider's stock worth $16,153,000 after acquiring an additional 116,076 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Maui Land & Pineapple during the fourth quarter valued at about $1,648,000. NBC Securities Inc. boosted its position in Maui Land & Pineapple by 127,223.5% during the first quarter. NBC Securities Inc. now owns 43,290 shares of the financial services provider's stock valued at $760,000 after buying an additional 43,256 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Maui Land & Pineapple by 374.6% during the fourth quarter. JPMorgan Chase & Co. now owns 26,344 shares of the financial services provider's stock valued at $579,000 after buying an additional 20,793 shares during the period. 24.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Maui Land & Pineapple from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st.

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.