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

Maui Land & Pineapple Company, Inc. (NYSE:MLP) CEO Race Randle acquired 2,000 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were bought at an average price of $14.48 per share, for a total transaction of $28,960.00. Following the completion of the acquisition, the chief executive officer owned 56,597 shares in the company, valued at approximately $819,524.56. This trade represents a 3.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Maui Land & Pineapple Trading Up 4.9%

Maui Land & Pineapple stock traded up $0.71 during trading on Monday, reaching $15.17. The company had a trading volume of 28,436 shares, compared to its average volume of 18,719. Maui Land & Pineapple Company, Inc. has a 12-month low of $13.84 and a 12-month high of $24.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.77 and a current ratio of 0.77. The stock’s 50 day moving average price is $16.65 and its two-hundred day moving average price is $16.84. The firm has a market capitalization of $299.53 million, a price-to-earnings ratio of -21.37 and a beta of 0.75.

Hedge Funds Weigh In On Maui Land & Pineapple

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio purchased a new stake in Maui Land & Pineapple during the 1st quarter worth $26,000. Tower Research Capital LLC TRC raised its position in Maui Land & Pineapple by 339.6% in 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 purchasing an additional 2,177 shares during the period. Deutsche Bank AG lifted its stake in shares of Maui Land & Pineapple by 233.2% during the first quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 4,807 shares in the last quarter. Nuveen LLC acquired a new position in shares of Maui Land & Pineapple during the first quarter worth about $181,000. Finally, Diametric Capital LP purchased a new stake in shares of Maui Land & Pineapple in the second quarter worth about $198,000. Institutional investors and hedge funds own 24.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wall Street Zen lowered Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Maui Land & Pineapple in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

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.