State of Tennessee Treasury Department boosted its holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 50.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,000 shares of the financial services provider’s stock after acquiring an additional 30,000 shares during the quarter. State of Tennessee Treasury Department owned 0.18% of Alexander & Baldwin Holdings worth $3,724,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ALEX. IFP Advisors Inc increased its position in Alexander & Baldwin Holdings by 1.0% in the 2nd quarter. IFP Advisors Inc now owns 2,606 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 26 shares during the period. Flinton Capital Management LLC increased its position in Alexander & Baldwin Holdings by 14.6% in the 1st quarter. Flinton Capital Management LLC now owns 2,632 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 336 shares during the period. Neuburgh Advisers LLC increased its position in Alexander & Baldwin Holdings by 14.6% in the 1st quarter. Neuburgh Advisers LLC now owns 3,196 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 408 shares during the period. LS Investment Advisors LLC increased its position in Alexander & Baldwin Holdings by 17.6% in the 2nd quarter. LS Investment Advisors LLC now owns 3,673 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 550 shares during the period. Finally, Two Sigma Securities LLC acquired a new stake in Alexander & Baldwin Holdings in the 1st quarter valued at approximately $211,000. Hedge funds and other institutional investors own 74.60% of the company’s stock.

In other news, Director Stanley M. Kuriyama sold 4,250 shares of Alexander & Baldwin Holdings stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $43.70, for a total value of $185,725.00. Following the completion of the transaction, the director now owns 251,633 shares in the company, valued at $10,996,362.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 12,750 shares of company stock valued at $547,825 in the last quarter. 7.60% of the stock is currently owned by corporate insiders.

Alexander & Baldwin Holdings, Inc. (NYSE ALEX) opened at 44.98 on Thursday. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 228.32 and a beta of 1.44. The firm’s 50-day moving average price is $43.08 and its 200-day moving average price is $42.98. Alexander & Baldwin Holdings, Inc. has a 52 week low of $36.98 and a 52 week high of $46.87.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Monday, August 7th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, August 3rd. Alexander & Baldwin Holdings’s dividend payout ratio (DPR) is currently 133.33%.

Separately, BidaskClub upgraded Alexander & Baldwin Holdings from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 20th.

WARNING: “State of Tennessee Treasury Department Has $3.72 Million Position in Alexander & Baldwin Holdings, Inc. (ALEX)” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://www.thecerbatgem.com/2017/09/14/state-of-tennessee-treasury-department-has-3-72-million-position-in-alexander-baldwin-holdings-inc-alex.html.

Alexander & Baldwin Holdings Profile

Alexander & Baldwin, Inc (A&B) is a real estate company. The Company operates through three segments: Commercial Real Estate, Land Operations, and Materials and Construction. In addition to its 15 retail centers in Hawaii, the Company owned seven industrial assets, seven office properties and a portfolio of urban ground leases comprising 106 acres in Hawaii, as of December 31, 2016.

Institutional Ownership by Quarter for Alexander & Baldwin Holdings (NYSE:ALEX)

Receive News & Stock Ratings for Alexander & Baldwin Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexander & Baldwin Holdings Inc. and related stocks with our FREE daily email newsletter.