Maui Land & Pineapple (NYSE:MLP) Issues Earnings Results

Maui Land & Pineapple (NYSE:MLP) released its quarterly earnings data on Friday. The financial services provider reported ($0.10) earnings per share for the quarter, Zacks reports. Maui Land & Pineapple had a negative net margin of 54.37% and a negative return on equity of 35.32%.

Maui Land & Pineapple Price Performance

Shares of MLP traded down $0.19 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. The company has a market capitalization of $297.45 million, a PE ratio of -27.72 and a beta of 0.66. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 1.24. Maui Land & Pineapple has a fifty-two week low of $13.84 and a fifty-two week high of $20.34. The company has a 50 day moving average price of $15.78 and a 200 day moving average price of $16.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC boosted 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 worth $180,000 after acquiring an additional 892 shares in the last quarter. Deutsche Bank AG boosted 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 worth $89,000 after acquiring an additional 999 shares in the last quarter. Raymond James Financial Inc. boosted its holdings 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 worth $1,356,000 after acquiring an additional 1,000 shares in the last quarter. Strs Ohio bought a new position in Maui Land & Pineapple in the 1st quarter worth approximately $26,000. Finally, Tower Research Capital LLC TRC raised its position in 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 worth $51,000 after purchasing an additional 2,177 shares during the last quarter. 24.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MLP has been the topic of a number of recent research reports. Wall Street Zen raised Maui Land & Pineapple from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Maui Land & Pineapple in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.