Maui Land & Pineapple (NYSE:MLP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Maui Land & Pineapple (NYSE:MLP) from a sell rating to a hold rating in a report published on Saturday morning.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Maui Land & Pineapple in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Maui Land & Pineapple Stock Down 0.5%

Shares of NYSE:MLP opened at $16.90 on Friday. Maui Land & Pineapple has a 52-week low of $13.84 and a 52-week high of $21.34. The stock has a market cap of $333.65 million, a price-to-earnings ratio of -28.65 and a beta of 0.65. The business has a 50-day moving average price of $16.33 and a 200-day moving average price of $16.85.

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

Insiders Place Their Bets

In other news, Director Stephen M. Case acquired 5,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was acquired at an average price of $16.79 per share, for a total transaction of $83,950.00. Following the completion of the transaction, the director owned 11,987,534 shares in the company, valued at approximately $201,270,695.86. The trade was a 0.04% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Race A. Randle bought 3,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were acquired at an average price of $14.24 per share, for a total transaction of $42,720.00. Following the completion of the transaction, the chief executive officer directly owned 54,597 shares in the company, valued at approximately $777,461.28. This trade represents a 5.81% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 31,389 shares of company stock valued at $482,240 in the last ninety days. 65.88% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Strs Ohio purchased a new stake in Maui Land & Pineapple in the 1st quarter worth $26,000. Diametric Capital LP purchased a new stake in shares of Maui Land & Pineapple during the second quarter worth about $198,000. Raymond James Financial Inc. increased its stake in shares of Maui Land & Pineapple by 1.4% during the second quarter. Raymond James Financial Inc. now owns 74,555 shares of the financial services provider’s stock worth $1,356,000 after purchasing an additional 1,000 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Maui Land & Pineapple by 339.6% during 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. Finally, Steinberganna Wealth Management purchased a new position in Maui Land & Pineapple in the 3rd quarter valued at about $304,000. 24.55% of the stock is owned by institutional investors and hedge funds.

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.