Maui Land & Pineapple (NYSE:MLP) Posts Earnings Results

Maui Land & Pineapple (NYSE:MLP) posted its quarterly earnings results on Friday. The financial services provider reported ($0.10) EPS for the quarter, Zacks reports. The company had revenue of $3.40 million during the quarter. Maui Land & Pineapple had a negative return on equity of 35.32% and a negative net margin of 54.37%.

Maui Land & Pineapple Stock Down 1.3%

NYSE:MLP opened at $14.97 on Friday. Maui Land & Pineapple has a 1-year low of $13.84 and a 1-year high of $20.34. The company has a 50-day moving average of $15.78 and a 200 day moving average of $16.20. The firm has a market cap of $297.45 million, a PE ratio of -74.85 and a beta of 0.66. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 1.24.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MLP. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Maui Land & Pineapple in a research note on Tuesday, April 21st. Wall Street Zen raised shares of Maui Land & Pineapple from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Maui Land & Pineapple has a consensus rating of “Sell”.

Institutional Trading of Maui Land & Pineapple

A number of hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of Maui Land & Pineapple by 9.2% during the fourth quarter. Barclays PLC now owns 10,616 shares of the financial services provider’s stock valued at $180,000 after buying an additional 892 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Maui Land & Pineapple by 23.4% during the fourth quarter. Deutsche Bank AG now owns 5,264 shares of the financial services provider’s stock valued at $89,000 after buying an additional 999 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Maui Land & Pineapple by 1.4% during the second quarter. Raymond James Financial Inc. now owns 74,555 shares of the financial services provider’s stock valued at $1,356,000 after buying an additional 1,000 shares during the last quarter. Strs Ohio purchased a new stake in shares of Maui Land & Pineapple during the first quarter valued at about $26,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Maui Land & Pineapple by 339.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock valued at $51,000 after buying an additional 2,177 shares during the last quarter. 24.55% of the stock is owned by hedge funds and other institutional investors.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Company, Inc (NYSE: MLP) is a real estate development and natural resource management enterprise headquartered in Kahului on the island of Maui, Hawaii. The company maintains a diversified portfolio of commercial, industrial, retail, hospitality and residential properties, primarily serving the local Maui market. Through its property management and leasing activities, MLP supports a range of tenants and projects designed to meet the evolving needs of residents, small businesses and visitors to the island.

Originally best known for its pineapple cultivation operations dating back to the early 20th century, MLP transitioned from its agricultural roots following the divestiture of its pineapple farming business in 2009.