Penn Capital Management Company LLC Boosts Holdings in Dole PLC $DOLE

Penn Capital Management Company LLC increased its position in Dole PLC (NYSE:DOLE) by 43.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,569 shares of the company’s stock after purchasing an additional 55,585 shares during the quarter. Penn Capital Management Company LLC’s holdings in Dole were worth $2,481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Osaic Holdings Inc. increased its stake in Dole by 120.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,835 shares of the company’s stock worth $26,000 after buying an additional 1,004 shares during the period. Engineers Gate Manager LP boosted its position in Dole by 1.0% in the 2nd quarter. Engineers Gate Manager LP now owns 185,475 shares of the company’s stock valued at $2,595,000 after buying an additional 1,756 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Dole by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,593 shares of the company’s stock valued at $644,000 after acquiring an additional 1,879 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Dole by 269.0% during the second quarter. NewEdge Advisors LLC now owns 3,716 shares of the company’s stock valued at $52,000 after acquiring an additional 2,709 shares in the last quarter. Finally, Man Group plc increased its position in shares of Dole by 2.4% during the second quarter. Man Group plc now owns 116,327 shares of the company’s stock worth $1,627,000 after acquiring an additional 2,711 shares during the last quarter.

Analyst Upgrades and Downgrades

DOLE has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dole in a research note on Monday, December 29th. Wall Street Zen lowered Dole from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.00.

Dole Trading Up 1.3%

NYSE DOLE opened at $14.63 on Wednesday. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 27.61, a price-to-earnings-growth ratio of 1.17 and a beta of 0.64. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.17 and a quick ratio of 0.83. Dole PLC has a 12 month low of $12.52 and a 12 month high of $16.57. The company’s fifty day moving average price is $15.37 and its two-hundred day moving average price is $14.42.

Dole (NYSE:DOLE) last released its earnings results on Wednesday, February 25th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.32 billion. Dole had a net margin of 0.56% and a return on equity of 7.81%. The company’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 EPS. As a group, research analysts predict that Dole PLC will post 1.19 earnings per share for the current fiscal year.

Dole Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 18th will be issued a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, March 18th. Dole’s payout ratio is currently 64.15%.

Dole Company Profile

Dole plc is a global producer, marketer and distributor of fresh fruits and vegetables. The company’s product range includes bananas, pineapples, berries, grapes, salads and a variety of other fresh and packaged produce, sold under the Dole brand and through private-label arrangements. Dole’s operations span the full fresh-produce value chain, from farming and sourcing to packing, ripening, cold‑chain logistics and wholesale and retail distribution, supporting both retail grocery and foodservice customers.

The company traces its commercial heritage to the early 20th century Hawaiian pineapple business founded by James Dole and has evolved through subsequent corporate restructurings and combinations.