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

Maui Land & Pineapple (NYSE:MLP) posted its quarterly earnings results on Friday. The financial services provider reported $0.01 earnings per share for the quarter, FiscalAI reports. Maui Land & Pineapple had a negative net margin of 81.82% and a negative return on equity of 45.87%. The business had revenue of $4.53 million during the quarter.

Maui Land & Pineapple Trading Down 1.8%

NYSE:MLP traded down $0.27 during mid-day trading on Friday, reaching $14.61. 51,856 shares of the company’s stock traded hands, compared to its average volume of 18,198. The company has a 50 day moving average price of $16.98 and a 200-day moving average price of $16.85. The firm has a market capitalization of $288.50 million, a price-to-earnings ratio of -20.58 and a beta of 0.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.77 and a quick ratio of 0.77. Maui Land & Pineapple has a 12-month low of $14.05 and a 12-month high of $24.49.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MLP shares. Wall Street Zen lowered Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Maui Land & Pineapple in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Insider Buying and Selling at Maui Land & Pineapple

In other Maui Land & Pineapple news, Director Stephen M. Case bought 2,500 shares of Maui Land & Pineapple stock in a transaction dated Monday, September 8th. The shares were purchased at an average cost of $16.91 per share, with a total value of $42,275.00. Following the completion of the purchase, the director owned 11,937,978 shares of the company’s stock, valued at approximately $201,871,207.98. This represents a 0.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders purchased 12,500 shares of company stock valued at $209,313. 65.88% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Maui Land & Pineapple

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

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.