Stephen M. Case Buys 3,339 Shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP) Stock

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) Director Stephen M. Case bought 3,339 shares of Maui Land & Pineapple stock in a transaction on Friday, June 13th. The shares were purchased at an average cost of $17.43 per share, for a total transaction of $58,198.77. Following the acquisition, the director now owns 11,921,445 shares in the company, valued at $207,790,786.35. The trade was a 0.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Maui Land & Pineapple Stock Performance

NYSE MLP traded down $0.57 during trading hours on Tuesday, hitting $16.89. The company had a trading volume of 10,209 shares, compared to its average volume of 17,167. 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 $333.44 million, a P/E ratio of -73.43 and a beta of 0.75. Maui Land & Pineapple Company, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $26.46. The business has a fifty day simple moving average of $15.90 and a 200-day simple moving average of $18.56.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Strs Ohio acquired a new position in shares of Maui Land & Pineapple during the first quarter valued at $26,000. Wells Fargo & Company MN increased its stake in Maui Land & Pineapple by 115.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,208 shares of the financial services provider's stock valued at $114,000 after buying an additional 2,786 shares during the period. Deutsche Bank AG increased its stake in Maui Land & Pineapple by 233.2% during the 1st quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider's stock valued at $121,000 after buying an additional 4,807 shares during the period. Bank of America Corp DE raised its position in shares of Maui Land & Pineapple by 27.3% during the 4th quarter. Bank of America Corp DE now owns 10,181 shares of the financial services provider's stock worth $224,000 after buying an additional 2,182 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Maui Land & Pineapple in the 1st quarter worth approximately $181,000. 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.

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