Meixler Investment Management Ltd. Has $312,000 Stock Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

Meixler Investment Management Ltd. reduced its stake in Alexander & Baldwin, Inc. (NYSE:ALEX) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,600 shares of the financial services provider’s stock after selling 738 shares during the period. Meixler Investment Management Ltd.’s holdings in Alexander & Baldwin were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Jane Street Group LLC grew its stake in shares of Alexander & Baldwin by 61.2% in the 3rd quarter. Jane Street Group LLC now owns 94,616 shares of the financial services provider’s stock valued at $1,817,000 after purchasing an additional 35,916 shares during the period. HighTower Advisors LLC bought a new stake in shares of Alexander & Baldwin in the 3rd quarter valued at approximately $1,151,000. Victory Capital Management Inc. grew its stake in shares of Alexander & Baldwin by 3.1% in the 3rd quarter. Victory Capital Management Inc. now owns 965,435 shares of the financial services provider’s stock valued at $18,536,000 after purchasing an additional 29,006 shares during the period. Geode Capital Management LLC grew its stake in shares of Alexander & Baldwin by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,876,341 shares of the financial services provider’s stock valued at $36,032,000 after purchasing an additional 23,441 shares during the period. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Alexander & Baldwin by 101.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 221,692 shares of the financial services provider’s stock valued at $4,256,000 after purchasing an additional 111,392 shares during the period. 91.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ALEX shares. StockNews.com upgraded Alexander & Baldwin from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. JMP Securities restated a “market perform” rating on shares of Alexander & Baldwin in a research report on Monday, January 6th. Finally, Piper Sandler restated an “overweight” rating and set a $23.00 price target (up from $22.00) on shares of Alexander & Baldwin in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.50.

Alexander & Baldwin Stock Down 1.2 %

Shares of ALEX opened at $17.78 on Friday. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 28.67 and a beta of 1.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. The business’s fifty day moving average price is $17.86 and its two-hundred day moving average price is $18.73. Alexander & Baldwin, Inc. has a 52 week low of $15.53 and a 52 week high of $20.30.

Alexander & Baldwin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a $0.2225 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.89 dividend on an annualized basis and a yield of 5.01%. Alexander & Baldwin’s payout ratio is 145.16%.

About Alexander & Baldwin

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company’s simplification and monetization effort.