Maui Land & Pineapple (NYSE:MLP) Issues Quarterly Earnings Results

Maui Land & Pineapple (NYSE:MLP) released its quarterly earnings data on Friday. The financial services provider reported ($0.10) EPS for the quarter, Zacks reports. Maui Land & Pineapple had a negative net margin of 54.37% and a negative return on equity of 35.32%.

Maui Land & Pineapple Trading Down 1.3%

Shares of Maui Land & Pineapple stock opened at $14.97 on Friday. Maui Land & Pineapple has a 12-month low of $13.84 and a 12-month high of $20.34. The company has a market cap of $297.44 million, a price-to-earnings ratio of -27.72 and a beta of 0.66. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $15.78 and its 200-day moving average price is $16.20.

Institutional Investors Weigh In On Maui Land & Pineapple

A number of institutional investors and hedge funds have recently modified their holdings of MLP. Strs Ohio purchased a new stake in shares of Maui Land & Pineapple in the first quarter worth about $26,000. Raymond James Financial Inc. lifted its holdings in shares of Maui Land & Pineapple by 1.4% in the second quarter. Raymond James Financial Inc. now owns 74,555 shares of the financial services provider’s stock worth $1,356,000 after buying an additional 1,000 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Maui Land & Pineapple by 339.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 2,177 shares in the last quarter. Valueworks LLC raised its stake 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 valued at $18,497,000 after purchasing an additional 20,255 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Maui Land & Pineapple by 23.4% in the fourth quarter. Deutsche Bank AG now owns 5,264 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 999 shares in the last quarter. 24.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MLP shares. Wall Street Zen raised shares of Maui Land & Pineapple from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Maui Land & Pineapple in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

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.