Maui Land & Pineapple (NYSE:MLP) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Maui Land & Pineapple Company, Inc. (NYSE:MLP)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.69 and traded as low as $17.21. Maui Land & Pineapple shares last traded at $17.26, with a volume of 31,878 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Maui Land & Pineapple from a “hold” rating to a “sell” rating in a report on Saturday, May 31st.

Maui Land & Pineapple Price Performance

The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.09. The firm has a market cap of $340.67 million, a P/E ratio of -75.02 and a beta of 0.75. The company has a fifty day moving average price of $15.87 and a two-hundred day moving average price of $18.65.

Maui Land & Pineapple (NYSE:MLP) last released its quarterly earnings results on Thursday, May 15th. The financial services provider reported ($0.44) earnings per share for the quarter. Maui Land & Pineapple had a negative return on equity of 14.23% and a negative net margin of 40.09%. The firm had revenue of $5.80 million for the quarter.

Insider Activity at Maui Land & Pineapple

In related news, Director Stephen M. Case purchased 2,500 shares of the stock in a transaction on Monday, June 2nd. The shares were purchased at an average price of $15.82 per share, with a total value of $39,550.00. Following the transaction, the director now directly owns 11,917,116 shares of the company’s stock, valued at $188,528,775.12. This trade represents a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders acquired 6,070 shares of company stock valued at $95,963. Corporate insiders own 65.88% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Strs Ohio acquired a new position in shares of Maui Land & Pineapple during the 1st quarter worth approximately $26,000. Wells Fargo & Company MN increased its position in shares of Maui Land & Pineapple by 115.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,208 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 2,786 shares during the last quarter. Deutsche Bank AG increased its position 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 purchasing an additional 4,807 shares during the last quarter. Nuveen LLC acquired a new position in shares of Maui Land & Pineapple during the 1st quarter worth approximately $181,000. Finally, Bank of America Corp DE increased its holdings in shares of Maui Land & Pineapple by 27.3% during the 4th quarter. Bank of America Corp DE now owns 10,181 shares of the financial services provider’s stock worth $224,000 after acquiring an additional 2,182 shares during the last quarter. Institutional investors and hedge funds 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.