Race Randle Purchases 2,000 Shares of Maui Land & Pineapple (NYSE:MLP) Stock

Maui Land & Pineapple Company, Inc. (NYSE:MLP) CEO Race Randle acquired 2,000 shares of the business’s stock in a transaction on Friday, November 21st. The stock was purchased at an average price of $14.48 per share, for a total transaction of $28,960.00. Following the acquisition, the chief executive officer directly owned 56,597 shares in the company, valued at $819,524.56. This represents a 3.66% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Maui Land & Pineapple Stock Up 4.9%

Shares of NYSE:MLP traded up $0.71 during trading on Monday, hitting $15.17. The company’s stock had a trading volume of 28,436 shares, compared to its average volume of 18,719. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.77 and a current ratio of 0.77. Maui Land & Pineapple Company, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $24.49. The stock’s 50-day moving average price is $16.65 and its two-hundred day moving average price is $16.84. The company has a market capitalization of $299.53 million, a PE ratio of -21.37 and a beta of 0.75.

Analyst Ratings Changes

Several research firms have recently commented on MLP. Weiss Ratings reiterated a “sell (d-)” rating on shares of Maui Land & Pineapple in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Maui Land & Pineapple from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Maui Land & Pineapple presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MLP. First Hawaiian Bank bought a new stake in shares of Maui Land & Pineapple in the 1st quarter valued at approximately $52,710,000. Valueworks LLC boosted its holdings in Maui Land & Pineapple by 2.1% in the third quarter. Valueworks LLC now owns 992,322 shares of the financial services provider’s stock worth $18,497,000 after purchasing an additional 20,255 shares during the period. Raymond James Financial Inc. boosted its holdings in Maui Land & Pineapple by 4.0% in the third quarter. Raymond James Financial Inc. now owns 77,540 shares of the financial services provider’s stock worth $1,445,000 after purchasing an additional 2,985 shares during the period. NBC Securities Inc. increased its stake in Maui Land & Pineapple by 8.0% during the second quarter. NBC Securities Inc. now owns 46,740 shares of the financial services provider’s stock valued at $850,000 after purchasing an additional 3,450 shares during the last quarter. Finally, Steinberganna Wealth Management acquired a new stake in shares of Maui Land & Pineapple during the third quarter worth $304,000. Institutional investors and hedge funds own 24.55% of the company’s stock.

About Maui Land & Pineapple

Maui Land & Pineapple Co, Inc is a landholding and operating company, which engages in the development, sale, and management of real estate. It operates through the following segments: Real Estate, Leasing, and Resort Amenities. The Real Estate segment includes land planning and entitlement, development, and sales activities.