Valueworks LLC Purchases New Shares in Maui Land & Pineapple Company, Inc. $MLP

Valueworks LLC acquired a new stake in shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,237,759 shares of the financial services provider’s stock, valued at approximately $22,007,000. Maui Land & Pineapple makes up 4.6% of Valueworks LLC’s portfolio, making the stock its 6th largest position. Valueworks LLC owned about 0.06% of Maui Land & Pineapple as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Strs Ohio bought a new stake in shares of Maui Land & Pineapple in the 1st quarter worth $26,000. Tower Research Capital LLC TRC lifted its position in shares of 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 valued at $51,000 after purchasing an additional 2,177 shares in the last quarter. Deutsche Bank AG bought a new position in shares of Maui Land & Pineapple during the second quarter valued at about $85,000. Wells Fargo & Company MN boosted its holdings in Maui Land & Pineapple by 75.8% during the fourth quarter. Wells Fargo & Company MN now owns 7,477 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 3,224 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Maui Land & Pineapple in the 1st quarter worth about $159,000. 24.55% of the stock is owned by hedge funds and other institutional investors.

Maui Land & Pineapple Stock Down 0.6%

MLP stock opened at $15.90 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $315.79 million, a PE ratio of -69.13 and a beta of 0.68. Maui Land & Pineapple Company, Inc. has a twelve month low of $13.84 and a twelve month high of $20.34. The stock has a 50-day simple moving average of $16.95 and a two-hundred day simple moving average of $16.57.

Maui Land & Pineapple (NYSE:MLP) last announced its quarterly earnings results on Friday, August 14th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter. Maui Land & Pineapple had a negative return on equity of 14.25% and a negative net margin of 28.65%.The firm had revenue of $3.70 million during the quarter.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings downgraded Maui Land & Pineapple from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Maui Land & Pineapple currently has an average rating of “Sell”.

Maui Land & Pineapple 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.