Alexander & Baldwin Holdings, Inc. $ALEX Shares Acquired by Martingale Asset Management L P

Martingale Asset Management L P increased its stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 4.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 165,706 shares of the financial services provider’s stock after buying an additional 6,879 shares during the quarter. Martingale Asset Management L P owned about 0.23% of Alexander & Baldwin worth $2,855,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ALEX. Wells Fargo & Company MN grew its stake in shares of Alexander & Baldwin by 27.1% in the fourth quarter. Wells Fargo & Company MN now owns 45,550 shares of the financial services provider’s stock valued at $808,000 after buying an additional 9,709 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Alexander & Baldwin by 5.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 68,518 shares of the financial services provider’s stock valued at $1,216,000 after buying an additional 3,675 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Alexander & Baldwin in the fourth quarter valued at about $272,000. XTX Topco Ltd acquired a new stake in shares of Alexander & Baldwin in the fourth quarter valued at about $206,000. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Alexander & Baldwin by 0.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 154,562 shares of the financial services provider’s stock valued at $2,742,000 after buying an additional 948 shares in the last quarter. Institutional investors and hedge funds own 91.29% of the company’s stock.

Alexander & Baldwin Price Performance

ALEX stock opened at $19.0160 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.20 and a current ratio of 0.20. Alexander & Baldwin Holdings, Inc. has a 1 year low of $15.70 and a 1 year high of $20.11. The firm has a market cap of $1.38 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 1.66 and a beta of 1.04. The stock has a 50-day simple moving average of $18.07 and a 200-day simple moving average of $17.66.

Alexander & Baldwin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, September 12th. Alexander & Baldwin’s dividend payout ratio (DPR) is 84.11%.

Alexander & Baldwin 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.