Insider Buying: Maui Land & Pineapple Company, Inc. (NYSE:MLP) Director Buys 3,339 Shares of Stock

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) Director Stephen M. Case bought 3,339 shares of the stock in a transaction dated Friday, June 13th. The stock was purchased at an average price of $17.43 per share, with a total value of $58,198.77. Following the acquisition, the director now owns 11,921,445 shares of the company's stock, 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 legal filing with the SEC, which is available through this hyperlink.

Maui Land & Pineapple Stock Performance

MLP stock traded up $0.37 during mid-day trading on Friday, hitting $17.62. The company had a trading volume of 19,477 shares, compared to its average volume of 17,147. The stock's fifty day moving average price is $15.96 and its two-hundred day moving average price is $18.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.80 and a current ratio of 0.80. Maui Land & Pineapple Company, Inc. has a 12 month low of $14.05 and a 12 month high of $26.46. The firm has a market cap of $347.72 million, a PE ratio of -23.49 and a beta of 0.75.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The financial services provider reported ($0.44) earnings per share for the quarter. The firm had revenue of $5.80 million for the quarter. Maui Land & Pineapple had a negative net margin of 98.43% and a negative return on equity of 45.76%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Maui Land & Pineapple

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio purchased a new position in shares of Maui Land & Pineapple in the first quarter worth about $26,000. Wells Fargo & Company MN boosted 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 worth $114,000 after buying an additional 2,786 shares during the period. Deutsche Bank AG grew its stake 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 buying an additional 4,807 shares in the last quarter. Nuveen LLC bought a new stake in Maui Land & Pineapple during the 1st quarter valued at $181,000. Finally, Bank of America Corp DE lifted 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 in the last quarter. 24.55% of the stock is currently owned by institutional investors.

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.