Maui Land & Pineapple (NYSE:MLP) Stock Rating Upgraded by Wall Street Zen

Maui Land & Pineapple (NYSE:MLP) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Maui Land & Pineapple in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Maui Land & Pineapple has a consensus rating of “Sell”.

Maui Land & Pineapple Price Performance

Shares of MLP stock opened at $16.90 on Friday. The company has a fifty day moving average price of $16.30 and a two-hundred day moving average price of $16.86. Maui Land & Pineapple has a one year low of $13.84 and a one year high of $21.34. The stock has a market cap of $333.65 million, a P/E ratio of -28.65 and a beta of 0.65.

Maui Land & Pineapple (NYSE:MLP) last issued its earnings results on Friday, November 14th. The financial services provider reported $0.01 earnings per share (EPS) for the quarter. Maui Land & Pineapple had a negative net margin of 61.64% and a negative return on equity of 37.71%. The company had revenue of $4.53 million for the quarter.

Insider Activity at Maui Land & Pineapple

In other news, Director Stephen M. Case acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were acquired at an average cost of $16.79 per share, with a total value of $83,950.00. Following the completion of the purchase, the director directly owned 11,987,534 shares of the company’s stock, valued at $201,270,695.86. The trade was a 0.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Race A. Randle acquired 3,000 shares of the stock in a transaction on Thursday, November 20th. The shares were purchased at an average price of $14.24 per share, with a total value of $42,720.00. Following the completion of the transaction, the chief executive officer owned 54,597 shares of the company’s stock, valued at approximately $777,461.28. This represents a 5.81% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 31,389 shares of company stock valued at $482,240 over the last 90 days. Corporate insiders own 65.88% of the company’s stock.

Hedge Funds Weigh In On Maui Land & Pineapple

Several hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio bought a new stake in shares of Maui Land & Pineapple during the 1st quarter worth $26,000. Tower Research Capital LLC TRC raised its stake in Maui Land & Pineapple by 339.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 2,177 shares in the last quarter. Diametric Capital LP acquired a new position in Maui Land & Pineapple during the second quarter worth about $198,000. Steinberganna Wealth Management bought a new position in shares of Maui Land & Pineapple in the third quarter worth about $304,000. Finally, Raymond James Financial Inc. boosted its stake in shares of Maui Land & Pineapple by 1.4% in the 2nd quarter. Raymond James Financial Inc. now owns 74,555 shares of the financial services provider’s stock valued at $1,356,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 24.55% of the company’s stock.

About Maui Land & Pineapple

Maui Land & Pineapple Company, Inc (NYSE: MLP) is a real estate development and natural resource management enterprise headquartered in Kahului on the island of Maui, Hawaii. The company maintains a diversified portfolio of commercial, industrial, retail, hospitality and residential properties, primarily serving the local Maui market. Through its property management and leasing activities, MLP supports a range of tenants and projects designed to meet the evolving needs of residents, small businesses and visitors to the island.

Originally best known for its pineapple cultivation operations dating back to the early 20th century, MLP transitioned from its agricultural roots following the divestiture of its pineapple farming business in 2009.