Stephen Case Acquires 3,000 Shares of Maui Land & Pineapple (NYSE:MLP) Stock

Maui Land & Pineapple Company, Inc. (NYSE:MLP) Director Stephen Case purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were purchased at an average price of $16.38 per share, for a total transaction of $49,140.00. Following the completion of the acquisition, the director directly owned 11,982,084 shares in the company, valued at $196,266,535.92. The trade was a 0.03% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Maui Land & Pineapple Stock Performance

NYSE MLP traded down $0.11 during trading on Wednesday, hitting $16.72. The stock had a trading volume of 50,076 shares, compared to its average volume of 20,146. Maui Land & Pineapple Company, Inc. has a one year low of $13.84 and a one year high of $23.41. The stock has a 50 day simple moving average of $15.88 and a 200 day simple moving average of $16.88. The stock has a market capitalization of $330.03 million, a price-to-earnings ratio of -28.34 and a beta of 0.64.

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

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wall Street Zen upgraded Maui Land & Pineapple from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Maui Land & Pineapple in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of Maui Land & Pineapple

Institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio purchased a new stake in Maui Land & Pineapple in the first quarter worth about $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 purchasing an additional 2,177 shares in the last quarter. Deutsche Bank AG lifted its position in shares of 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 worth $121,000 after purchasing an additional 4,807 shares during the period. Nuveen LLC purchased a new position in Maui Land & Pineapple during the first quarter valued at approximately $181,000. Finally, Diametric Capital LP purchased a new position in Maui Land & Pineapple during the second quarter valued at approximately $198,000. 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.