Maui Land & Pineapple (NYSE:MLP) CEO Race Randle Acquires 2,000 Shares of Stock

Maui Land & Pineapple Company, Inc. (NYSE:MLP) CEO Race Randle bought 2,000 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were bought at an average cost of $14.48 per share, with a total value of $28,960.00. Following the completion of the transaction, the chief executive officer owned 56,597 shares in the company, valued at $819,524.56. The trade was a 3.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Maui Land & Pineapple Stock Performance

Shares of MLP stock opened at $15.17 on Tuesday. The firm has a 50 day moving average of $16.56 and a 200-day moving average of $16.84. The company has a market cap of $299.53 million, a price-to-earnings ratio of -21.37 and a beta of 0.75. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.01. Maui Land & Pineapple Company, Inc. has a 52 week low of $13.84 and a 52 week high of $24.49.

Wall Street Analyst Weigh In

MLP has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Maui Land & Pineapple in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Maui Land & Pineapple

A number of hedge funds have recently bought and sold shares of the business. Strs Ohio purchased a new stake in shares of Maui Land & Pineapple in the first quarter worth $26,000. Tower Research Capital LLC TRC raised its holdings in shares of Maui Land & Pineapple by 339.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 2,177 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Maui Land & Pineapple by 233.2% during the 1st quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 4,807 shares during the last quarter. Nuveen LLC bought a new stake in shares of Maui Land & Pineapple in the 1st quarter worth about $181,000. Finally, Diametric Capital LP bought a new stake in shares of Maui Land & Pineapple in the 2nd quarter valued at approximately $198,000. Hedge funds and other 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.