Maui Land & Pineapple (NYSE:MLP) Rating Increased to Hold 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 research note issued to investors on Saturday morning.

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

Maui Land & Pineapple Trading Down 0.5%

Shares of Maui Land & Pineapple stock opened at $16.90 on Friday. The company has a market capitalization of $333.65 million, a P/E ratio of -28.65 and a beta of 0.65. The stock has a fifty day simple moving average of $16.30 and a 200 day simple moving average of $16.86. Maui Land & Pineapple has a 12-month low of $13.84 and a 12-month high of $21.34.

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

Insider Transactions at Maui Land & Pineapple

In related news, Director Stephen M. Case acquired 5,000 shares of the stock in a transaction on Thursday, December 11th. The shares were acquired at an average price of $16.79 per share, with a total value 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Race A. Randle bought 2,000 shares of the company’s stock in a transaction on Friday, November 21st. The stock was bought at an average price of $14.48 per share, for a total transaction of $28,960.00. Following the completion of the purchase, the chief executive officer owned 56,597 shares of the company’s stock, valued at approximately $819,524.56. The trade was a 3.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 31,389 shares of company stock valued at $482,240 in the last 90 days. 65.88% of the stock is currently owned by corporate insiders.

Institutional Trading of Maui Land & Pineapple

A number of large investors have recently bought and sold shares of MLP. Valueworks LLC lifted its position in shares of Maui Land & Pineapple by 2.1% during the 3rd quarter. Valueworks LLC now owns 992,322 shares of the financial services provider’s stock valued at $18,497,000 after buying an additional 20,255 shares during the last quarter. Raymond James Financial Inc. raised its stake in Maui Land & Pineapple by 4.0% in the 3rd quarter. Raymond James Financial Inc. now owns 77,540 shares of the financial services provider’s stock valued at $1,445,000 after acquiring an additional 2,985 shares during the period. Tower Research Capital LLC TRC raised its stake in Maui Land & Pineapple by 339.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 2,177 shares during the period. Strs Ohio purchased a new stake in Maui Land & Pineapple during the first quarter valued at about $26,000. Finally, Steinberganna Wealth Management bought a new position in Maui Land & Pineapple during the third quarter worth about $304,000. 24.55% of the stock is owned by hedge funds and other institutional investors.

About Maui Land & Pineapple

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.