Alexander & Baldwin Holdings, Inc. (ALEX) Shares Bought by Nationwide Fund Advisors
Nationwide Fund Advisors boosted its stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 3.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 121,666 shares of the financial services provider’s stock after acquiring an additional 4,264 shares during the quarter. Nationwide Fund Advisors owned 0.25% of Alexander & Baldwin Holdings worth $5,035,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in Alexander & Baldwin Holdings by 1.0% in the 2nd quarter. IFP Advisors Inc now owns 2,606 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 26 shares during the period. LS Investment Advisors LLC grew its stake in Alexander & Baldwin Holdings by 17.6% in the 2nd quarter. LS Investment Advisors LLC now owns 3,673 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 550 shares during the period. Riverhead Capital Management LLC grew its stake in Alexander & Baldwin Holdings by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,830 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 1,530 shares during the period. Two Sigma Securities LLC acquired a new stake in Alexander & Baldwin Holdings in the 1st quarter valued at $211,000. Finally, ING Groep NV acquired a new stake in Alexander & Baldwin Holdings in the 2nd quarter valued at $233,000. 74.16% of the stock is currently owned by hedge funds and other institutional investors.
In other Alexander & Baldwin Holdings news, Director Stanley M. Kuriyama sold 4,250 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $43.70, for a total value of $185,725.00. Following the sale, the director now owns 251,633 shares of the company’s stock, valued at $10,996,362.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 12,750 shares of company stock worth $547,825 in the last three months. 7.60% of the stock is owned by corporate insiders.
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Separately, BidaskClub upgraded Alexander & Baldwin Holdings from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 20th.
Alexander & Baldwin Holdings, Inc. (ALEX) opened at 46.38 on Friday. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 235.43 and a beta of 1.46. Alexander & Baldwin Holdings, Inc. has a one year low of $36.98 and a one year high of $46.96. The firm has a 50-day moving average price of $44.48 and a 200-day moving average price of $43.19.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Monday, August 7th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.60%. The ex-dividend date was Thursday, August 3rd. Alexander & Baldwin Holdings’s dividend payout ratio (DPR) is 133.33%.
Alexander & Baldwin Holdings Company Profile
Alexander & Baldwin, Inc (A&B) is a real estate company. The Company operates through three segments: Commercial Real Estate, Land Operations, and Materials and Construction. In addition to its 15 retail centers in Hawaii, the Company owned seven industrial assets, seven office properties and a portfolio of urban ground leases comprising 106 acres in Hawaii, as of December 31, 2016.
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