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

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) Director Stephen M. Case acquired 2,500 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were bought at an average cost of $15.82 per share, for a total transaction of $39,550.00. Following the acquisition, the director now owns 11,917,116 shares of the company's stock, valued at $188,528,775.12. This represents a 0.02% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Maui Land & Pineapple Stock Up 1.6%

Shares of MLP traded up $0.27 during mid-day trading on Friday, reaching $16.85. 4,896 shares of the stock traded hands, compared to its average volume of 16,984. The stock has a fifty day simple moving average of $15.73 and a 200 day simple moving average of $18.94. 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 quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.09. The firm has a market cap of $332.55 million, a price-to-earnings ratio of -73.24 and a beta of 0.75.

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) EPS for the quarter. Maui Land & Pineapple had a negative return on equity of 14.23% and a negative net margin of 40.09%. The firm had revenue of $5.80 million during the quarter.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Maui Land & Pineapple

Several institutional investors and hedge funds have recently bought and sold shares of MLP. Strs Ohio acquired a new position in Maui Land & Pineapple in the first quarter valued at approximately $26,000. Wells Fargo & Company MN increased its position in Maui Land & Pineapple by 115.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,208 shares of the financial services provider's stock worth $114,000 after buying an additional 2,786 shares during the period. Deutsche Bank AG increased its position in Maui Land & Pineapple by 233.2% in the first quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider's stock worth $121,000 after buying an additional 4,807 shares during the period. Nuveen LLC acquired a new position in shares of Maui Land & Pineapple during the first quarter valued at $181,000. Finally, Bank of America Corp DE grew its position in shares of Maui Land & Pineapple by 27.3% during the fourth quarter. Bank of America Corp DE now owns 10,181 shares of the financial services provider's stock worth $224,000 after acquiring an additional 2,182 shares during the last quarter. Institutional investors and hedge funds 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.