Graham Capital Management L.P. Grows Stock Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

Graham Capital Management L.P. lifted its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 56.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,794 shares of the financial services provider’s stock after buying an additional 13,329 shares during the quarter. Graham Capital Management L.P.’s holdings in Alexander & Baldwin were worth $653,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in shares of Alexander & Baldwin by 284.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the financial services provider’s stock valued at $29,000 after buying an additional 1,239 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Alexander & Baldwin during the 4th quarter valued at $112,000. XTX Topco Ltd purchased a new position in shares of Alexander & Baldwin during the 4th quarter valued at $206,000. Aigen Investment Management LP purchased a new position in shares of Alexander & Baldwin during the 4th quarter valued at $227,000. Finally, Tower Research Capital LLC TRC increased its holdings in Alexander & Baldwin by 138.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,169 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 7,653 shares during the last quarter. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Alexander & Baldwin Stock Performance

Shares of NYSE ALEX opened at $17.35 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market cap of $1.26 billion, a P/E ratio of 27.98 and a beta of 0.99. The firm’s fifty day moving average is $17.08 and its two-hundred day moving average is $17.90. Alexander & Baldwin, Inc. has a 52-week low of $15.70 and a 52-week high of $20.30.

Alexander & Baldwin (NYSE:ALEX) last announced its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.15. Alexander & Baldwin had a net margin of 19.64% and a return on equity of 5.93%. The company had revenue of $62.45 million for the quarter, compared to the consensus estimate of $49.68 million. As a group, analysts anticipate that Alexander & Baldwin, Inc. will post 1.35 EPS for the current fiscal year.

Alexander & Baldwin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 13th will be issued a $0.225 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.19%. Alexander & Baldwin’s dividend payout ratio (DPR) is presently 105.88%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ALEX shares. StockNews.com downgraded shares of Alexander & Baldwin from a “buy” rating to a “hold” rating in a report on Sunday, March 16th. Piper Sandler lifted their price target on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, February 28th.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company’s simplification and monetization effort.