Alexander & Baldwin Inc (NYSE:ALEX)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $20.82 and last traded at $20.92, with a volume of 6746 shares trading hands. The stock had previously closed at $21.48.

Separately, TheStreet downgraded shares of Alexander & Baldwin from a “c” rating to a “d+” rating in a research note on Monday, August 6th.

The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.77.

Alexander & Baldwin (NYSE:ALEX) last released its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.09). The business had revenue of $112.10 million for the quarter, compared to the consensus estimate of $99.93 million. Alexander & Baldwin had a net margin of 58.20% and a return on equity of 6.28%. Alexander & Baldwin’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS.

In related news, Director Stanley M. Kuriyama sold 6,300 shares of Alexander & Baldwin stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $21.65, for a total transaction of $136,395.00. Following the completion of the transaction, the director now owns 362,339 shares of the company’s stock, valued at $7,844,639.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 25,201 shares of company stock valued at $587,120 in the last three months. 6.70% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Alexander & Baldwin by 3.9% during the first quarter. BlackRock Inc. now owns 7,843,565 shares of the financial services provider’s stock worth $181,420,000 after buying an additional 293,705 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Alexander & Baldwin by 27.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,989,540 shares of the financial services provider’s stock worth $69,148,000 after buying an additional 647,546 shares during the last quarter. Northern Trust Corp raised its stake in Alexander & Baldwin by 1.6% during the second quarter. Northern Trust Corp now owns 1,020,897 shares of the financial services provider’s stock worth $23,992,000 after buying an additional 15,780 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Alexander & Baldwin by 901.5% during the first quarter. Nuveen Asset Management LLC now owns 800,899 shares of the financial services provider’s stock worth $18,524,000 after buying an additional 720,930 shares during the last quarter. Finally, Oakview Capital Management L.P. bought a new position in Alexander & Baldwin during the first quarter worth $15,517,000. 74.90% of the stock is owned by institutional investors and hedge funds.

Alexander & Baldwin Company Profile (NYSE:ALEX)

Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. With a portfolio of approximately 87,000 acres in Hawai`i, A&B is the state's fourth largest private landowner. A&B is a fully integrated real estate investment trust and owns, operates and manages 3.3 million square feet of primarily retail and industrial space in Hawai`i.

Recommended Story: Insider Trading – What You Need to Know

Receive News & Ratings for Alexander & Baldwin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexander & Baldwin and related companies with MarketBeat.com's FREE daily email newsletter.