Stephen Case Buys 2,500 Shares of Maui Land & Pineapple (NYSE:MLP) Stock

Maui Land & Pineapple Company, Inc. (NYSE:MLP) Director Stephen Case bought 2,500 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were purchased at an average cost of $14.48 per share, with a total value of $36,200.00. Following the acquisition, the director directly owned 11,943,945 shares of the company’s stock, valued at approximately $172,948,323.60. This represents a 0.02% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Maui Land & Pineapple Trading Up 2.0%

MLP stock opened at $14.46 on Friday. Maui Land & Pineapple Company, Inc. has a 52 week low of $13.84 and a 52 week high of $24.49. The company has a market capitalization of $285.37 million, a PE ratio of -20.36 and a beta of 0.75. The company’s 50-day simple moving average is $16.65 and its 200 day simple moving average is $16.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.77 and a current ratio of 0.77.

Wall Street Analysts Forecast Growth

MLP has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Maui Land & Pineapple in a research report on Wednesday, October 8th. Wall Street Zen cut Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Maui Land & Pineapple

Hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new stake in shares of Maui Land & Pineapple during the 1st quarter worth approximately $26,000. Tower Research Capital LLC TRC increased its stake in shares of Maui Land & Pineapple by 339.6% in the 2nd 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 last quarter. Deutsche Bank AG raised its holdings in shares of Maui Land & Pineapple by 233.2% during the 1st quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider’s stock worth $121,000 after buying an additional 4,807 shares in the last quarter. Nuveen LLC bought a new stake in shares of Maui Land & Pineapple during the 1st quarter worth $181,000. Finally, Diametric Capital LP bought a new position in Maui Land & Pineapple in the second quarter valued at about $198,000. 24.55% of the stock is owned by institutional investors.

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.