Quantamental Technologies LLC Acquires Shares of 2,543 Alexander & Baldwin Inc (NYSE:ALEX)
Quantamental Technologies LLC acquired a new stake in Alexander & Baldwin Inc (NYSE:ALEX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,543 shares of the financial services provider’s stock, valued at approximately $59,000.
A number of other institutional investors and hedge funds have also modified their holdings of ALEX. DekaBank Deutsche Girozentrale purchased a new position in shares of Alexander & Baldwin in the second quarter valued at approximately $35,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Alexander & Baldwin by 25.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,318 shares of the financial services provider’s stock worth $135,000 after buying an additional 1,065 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in Alexander & Baldwin during the first quarter worth approximately $145,000. First Republic Investment Management Inc. purchased a new position in Alexander & Baldwin during the first quarter worth approximately $209,000. Finally, SG Americas Securities LLC purchased a new position in Alexander & Baldwin during the first quarter worth approximately $225,000. 76.88% of the stock is currently owned by institutional investors.
In other Alexander & Baldwin news, Director W Allen Doane, Jr. sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $23.49, for a total transaction of $234,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stanley M. Kuriyama sold 6,300 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $22.74, for a total value of $143,262.00. Following the sale, the director now directly owns 319,235 shares of the company’s stock, valued at approximately $7,259,403.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,429 shares of company stock worth $854,881. 6.40% of the stock is currently owned by company insiders.
Alexander & Baldwin (NYSE:ALEX) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.15). Alexander & Baldwin had a negative return on equity of 9.07% and a negative net margin of 17.28%. The company had revenue of $109.10 million for the quarter, compared to analysts’ expectations of $104.63 million. During the same quarter in the previous year, the business posted $0.03 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 12th were given a dividend of $0.19 per share. The ex-dividend date was Friday, August 9th. This represents a $0.76 dividend on an annualized basis and a yield of 3.05%.
About Alexander & Baldwin
Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. A&B is a fully integrated real estate investment trust and owns, operates and manages approximately 3.5 million square feet of primarily retail and industrial space in Hawai`i, and is a major landowner in the state.
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