Municipal Employees Retirement System of Michigan lowered its holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 21.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,980 shares of the financial services provider’s stock after selling 3,850 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Alexander & Baldwin were worth $648,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. IFP Advisors Inc grew its holdings in shares of Alexander & Baldwin by 1.0% in the second quarter. IFP Advisors Inc now owns 2,606 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 26 shares in the last quarter. LS Investment Advisors LLC grew its holdings in shares of Alexander & Baldwin by 17.6% in the second quarter. LS Investment Advisors LLC now owns 3,673 shares of the financial services provider’s stock valued at $152,000 after purchasing an additional 550 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Alexander & Baldwin by 66.5% in the second quarter. Riverhead Capital Management LLC now owns 3,830 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,530 shares in the last quarter. Flinton Capital Management LLC grew its holdings in shares of Alexander & Baldwin by 62.8% in the second quarter. Flinton Capital Management LLC now owns 4,284 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 1,652 shares in the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Alexander & Baldwin in the third quarter valued at approximately $208,000. Hedge funds and other institutional investors own 77.84% of the company’s stock.

Alexander & Baldwin Holdings, Inc. (NYSE ALEX) opened at $29.12 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. Alexander & Baldwin Holdings, Inc. has a twelve month low of $28.51 and a twelve month high of $46.96. The company has a market cap of $1,430.00, a P/E ratio of 29.65 and a beta of 1.46.

The company also recently declared a special dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Wednesday, November 29th will be issued a dividend of $15.92 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This is a boost from Alexander & Baldwin’s previous special dividend of $0.04. Alexander & Baldwin’s payout ratio is 24.14%.

In other Alexander & Baldwin news, Director Stanley M. Kuriyama sold 4,250 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $43.56, for a total transaction of $185,130.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 12,750 shares of company stock valued at $569,203 in the last quarter. 7.60% of the stock is currently owned by company insiders.

A number of research analysts recently weighed in on ALEX shares. BidaskClub upgraded shares of Alexander & Baldwin from a “sell” rating to a “hold” rating in a report on Friday, August 11th. TheStreet cut shares of Alexander & Baldwin from a “b-” rating to a “c” rating in a report on Tuesday.

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Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc (A&B) is a real estate company. The Company operates through three segments: Commercial Real Estate, Land Operations, and Materials and Construction. In addition to its 15 retail centers in Hawaii, the Company owned seven industrial assets, seven office properties and a portfolio of urban ground leases comprising 106 acres in Hawaii, as of December 31, 2016.

Institutional Ownership by Quarter for Alexander & Baldwin (NYSE:ALEX)

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