Stephen M. Case Acquires 890 Shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP) Stock

Maui Land & Pineapple Company, Inc. (NYSE:MLP) Director Stephen M. Case bought 890 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average price of $15.81 per share, for a total transaction of $14,070.90. Following the acquisition, the director now owns 11,918,006 shares of the company’s stock, valued at $188,423,674.86. This trade represents a 0.01% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Maui Land & Pineapple Stock Performance

Shares of MLP stock opened at $16.85 on Thursday. The company has a market cap of $332.65 million, a price-to-earnings ratio of -73.26 and a beta of 0.76. 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 quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average of $15.76 and a 200-day moving average of $18.98.

Maui Land & Pineapple (NYSE:MLP) last issued its earnings results on Thursday, May 15th. The financial services provider reported ($0.44) earnings per share (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 company had revenue of $5.80 million for the quarter.

Hedge Funds Weigh In On Maui Land & Pineapple

A number of institutional investors and hedge funds have recently made changes to their positions in MLP. Strs Ohio bought a new stake in Maui Land & Pineapple in the 1st quarter valued at about $26,000. Wells Fargo & Company MN grew its stake 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 valued at $114,000 after acquiring an additional 2,786 shares during the period. Deutsche Bank AG increased its holdings in shares of Maui Land & Pineapple by 233.2% during the first quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 4,807 shares in the last quarter. Nuveen LLC bought a new stake in shares of Maui Land & Pineapple during the first quarter valued at approximately $181,000. Finally, Bank of America Corp DE raised 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 purchasing an additional 2,182 shares during the period. Institutional investors own 24.55% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Maui Land & Pineapple from a “hold” rating to a “sell” rating in a report 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.