Maui Land & Pineapple (NYSE:MLP – Get Free Report) issued its quarterly earnings results on Friday. The financial services provider reported ($0.10) EPS for the quarter, Zacks reports. Maui Land & Pineapple had a negative return on equity of 35.32% and a negative net margin of 54.37%.
Maui Land & Pineapple Trading Down 1.3%
Shares of Maui Land & Pineapple stock traded down $0.19 during trading hours on Friday, hitting $14.97. The company’s stock had a trading volume of 11,312 shares, compared to its average volume of 12,797. Maui Land & Pineapple has a twelve month low of $13.84 and a twelve month high of $20.34. The firm has a fifty day moving average of $15.78 and a 200-day moving average of $16.20. The stock has a market cap of $297.45 million, a price-to-earnings ratio of -27.72 and a beta of 0.66. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.24 and a current ratio of 1.24.
Hedge Funds Weigh In On Maui Land & Pineapple
Large investors have recently modified their holdings of the business. Strs Ohio acquired a new position in shares of Maui Land & Pineapple in the 1st quarter valued at $26,000. Tower Research Capital LLC TRC raised its holdings in shares of Maui Land & Pineapple by 339.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock valued at $51,000 after buying an additional 2,177 shares during the period. Deutsche Bank AG raised its holdings in shares of Maui Land & Pineapple by 23.4% in the 4th quarter. Deutsche Bank AG now owns 5,264 shares of the financial services provider’s stock valued at $89,000 after buying an additional 999 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Maui Land & Pineapple by 75.8% in the 4th quarter. Wells Fargo & Company MN now owns 7,477 shares of the financial services provider’s stock valued at $127,000 after buying an additional 3,224 shares during the period. Finally, Barclays PLC raised its holdings in shares of Maui Land & Pineapple by 9.2% in the 4th quarter. Barclays PLC now owns 10,616 shares of the financial services provider’s stock valued at $180,000 after buying an additional 892 shares during the period. Institutional investors and hedge funds own 24.55% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Analysis on MLP
Maui Land & Pineapple Company Profile
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.
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