Oppenheimer & Co. Inc. decreased its stake in shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP) by 13.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 314,104 shares of the financial services provider’s stock after selling 47,559 shares during the period. Oppenheimer & Co. Inc. owned about 1.65% of Maui Land & Pineapple worth $6,376,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in shares of Maui Land & Pineapple during the second quarter valued at about $197,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Maui Land & Pineapple during the second quarter valued at about $242,000. Spark Investment Management LLC purchased a new position in shares of Maui Land & Pineapple during the second quarter valued at about $351,000. Bank of New York Mellon Corp purchased a new position in shares of Maui Land & Pineapple during the second quarter valued at about $418,000. Finally, Eagle Global Advisors LLC purchased a new position in shares of Maui Land & Pineapple during the second quarter valued at about $433,000. Hedge funds and other institutional investors own 18.26% of the company’s stock.

Maui Land & Pineapple Company, Inc. (NYSE MLP) opened at 12.80 on Friday. The company’s 50-day moving average price is $15.41 and its 200 day moving average price is $15.08. The company has a market capitalization of $244.36 million, a price-to-earnings ratio of 10.97 and a beta of 0.09. Maui Land & Pineapple Company, Inc. has a 52 week low of $6.23 and a 52 week high of $27.80.

Maui Land & Pineapple (NYSE:MLP) last issued its earnings results on Wednesday, August 9th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter. Maui Land & Pineapple had a net margin of 49.34% and a return on equity of 115.21%. The business had revenue of $9.34 million during the quarter.

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About Maui Land & Pineapple

Maui Land & Pineapple Company, Inc is a landholding and operating company. The Company’s segments include Real Estate, which consists of land planning and entitlement, development and sales activities of its landholdings on Maui; Leasing, which includes residential, resort, agricultural, commercial, and industrial land and property leases, licensing of its registered trademarks and trade names, and stewardship and conservation efforts; Utilities, which includes the operations of its Hawaii Public Utilities Commission-regulated subsidiaries, including Kapalua Water Company, Ltd.

Institutional Ownership by Quarter for Maui Land & Pineapple (NYSE:MLP)

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