Maui Land & Pineapple (NYSE:MLP) Director Stephen Case Buys 2,500 Shares

Maui Land & Pineapple Company, Inc. (NYSE:MLP) Director Stephen Case purchased 2,500 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were purchased at an average price of $14.48 per share, for a total transaction of $36,200.00. Following the acquisition, the director owned 11,943,945 shares of the company’s stock, valued at approximately $172,948,323.60. The trade was a 0.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Maui Land & Pineapple Stock Performance

Shares of NYSE:MLP traded up $0.29 during midday trading on Friday, reaching $14.46. 40,256 shares of the company’s stock traded hands, compared to its average volume of 18,676. Maui Land & Pineapple Company, Inc. has a one year low of $13.84 and a one year high of $24.49. The stock has a 50 day moving average of $16.65 and a 200 day moving average of $16.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $285.37 million, a price-to-earnings ratio of -20.36 and a beta of 0.75.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MLP. Weiss Ratings reissued a “sell (d-)” rating on shares of Maui Land & Pineapple in a report on Wednesday, October 8th. Wall Street Zen lowered Maui Land & Pineapple from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Trading of Maui Land & Pineapple

Hedge funds have recently bought and sold shares of the stock. First Hawaiian Bank bought a new position in shares of Maui Land & Pineapple in the first quarter worth about $52,710,000. Valueworks LLC raised its stake in Maui Land & Pineapple by 2.1% during the 3rd quarter. Valueworks LLC now owns 992,322 shares of the financial services provider’s stock worth $18,497,000 after acquiring an additional 20,255 shares during the period. Raymond James Financial Inc. lifted its holdings in Maui Land & Pineapple by 4.0% during the third quarter. Raymond James Financial Inc. now owns 77,540 shares of the financial services provider’s stock valued at $1,445,000 after purchasing an additional 2,985 shares in the last quarter. NBC Securities Inc. increased its stake in shares of Maui Land & Pineapple by 8.0% in the second quarter. NBC Securities Inc. now owns 46,740 shares of the financial services provider’s stock worth $850,000 after purchasing an additional 3,450 shares in the last quarter. Finally, Steinberganna Wealth Management purchased a new stake in shares of Maui Land & Pineapple in the third quarter worth $304,000. Institutional investors 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.