Maui Land & Pineapple (NYSE:MLP) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Maui Land & Pineapple (NYSE:MLP) from a hold rating to a sell rating in a report released on Sunday morning.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Maui Land & Pineapple in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Maui Land & Pineapple Stock Down 0.6%

Maui Land & Pineapple stock opened at $16.87 on Friday. The firm has a market cap of $333.05 million, a P/E ratio of -28.60 and a beta of 0.64. The business has a fifty day moving average of $15.82 and a two-hundred day moving average of $16.92. Maui Land & Pineapple has a twelve month low of $13.84 and a twelve month high of $23.41.

Maui Land & Pineapple (NYSE:MLP) last released its quarterly earnings results on Friday, November 14th. The financial services provider reported $0.01 EPS for the quarter. The firm had revenue of $4.53 million during the quarter. Maui Land & Pineapple had a negative return on equity of 37.71% and a negative net margin of 61.64%.

Insider Transactions at Maui Land & Pineapple

In other news, Director Stephen M. Case purchased 5,000 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were acquired at an average price of $16.79 per share, for a total transaction of $83,950.00. Following the purchase, the director owned 11,987,534 shares in the company, valued at $201,270,695.86. This trade represents a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Race A. Randle bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average price of $14.48 per share, for a total transaction of $28,960.00. Following the transaction, the chief executive officer owned 56,597 shares of the company’s stock, valued at $819,524.56. The trade was a 3.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 31,389 shares of company stock valued at $482,240. 65.88% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MLP. First Hawaiian Bank purchased a new position in shares of Maui Land & Pineapple during the 1st quarter valued at approximately $52,710,000. Valueworks LLC lifted its stake in Maui Land & Pineapple by 2.1% in the 3rd quarter. Valueworks LLC now owns 992,322 shares of the financial services provider’s stock valued at $18,497,000 after buying an additional 20,255 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Maui Land & Pineapple by 4.0% in the 3rd quarter. Raymond James Financial Inc. now owns 77,540 shares of the financial services provider’s stock worth $1,445,000 after buying an additional 2,985 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of Maui Land & Pineapple by 8.0% during the second quarter. NBC Securities Inc. now owns 46,740 shares of the financial services provider’s stock valued at $850,000 after acquiring an additional 3,450 shares during the last quarter. Finally, Steinberganna Wealth Management purchased a new position in shares of Maui Land & Pineapple in the third quarter valued at approximately $304,000. Institutional investors and hedge funds own 24.55% of the company’s stock.

Maui Land & Pineapple Company Profile

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.