Maui Land & Pineapple’s (MLP) “Sell (D-)” Rating Reiterated at Weiss Ratings

Maui Land & Pineapple (NYSE:MLP)‘s stock had its “sell (d-)” rating reissued by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Maui Land & Pineapple from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Maui Land & Pineapple Trading Up 0.3%

Shares of Maui Land & Pineapple stock opened at $17.36 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a fifty day moving average price of $17.61 and a 200 day moving average price of $16.96. Maui Land & Pineapple has a 1 year low of $14.05 and a 1 year high of $25.78. The stock has a market cap of $342.74 million, a PE ratio of -24.45 and a beta of 0.77.

Maui Land & Pineapple (NYSE:MLP) last issued its earnings results on Thursday, August 14th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter. Maui Land & Pineapple had a negative return on equity of 45.87% and a negative net margin of 81.82%.The business had revenue of $4.60 million for the quarter.

Insider Buying and Selling

In related news, Director Stephen M. Case bought 2,500 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were acquired at an average price of $16.91 per share, for a total transaction of $42,275.00. Following the completion of the transaction, the director directly owned 11,937,978 shares in the company, valued at $201,871,207.98. This trade represents a 0.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have acquired a total of 12,500 shares of company stock worth $209,313 in the last quarter. 65.88% of the stock is currently owned by company insiders.

Institutional Trading of Maui Land & Pineapple

Several institutional investors have recently modified their holdings of MLP. Bank of America Corp DE grew its position in shares of Maui Land & Pineapple by 27.3% in the fourth quarter. Bank of America Corp DE now owns 10,181 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 2,182 shares during the period. Deutsche Bank AG grew its position in shares of Maui Land & Pineapple by 233.2% in the first quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 4,807 shares during the period. Nuveen LLC acquired a new stake in shares of Maui Land & Pineapple in the first quarter valued at about $181,000. Valueworks LLC grew its position in shares of Maui Land & Pineapple by 14.5% in the first quarter. Valueworks LLC now owns 919,343 shares of the financial services provider’s stock valued at $16,153,000 after purchasing an additional 116,076 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Maui Land & Pineapple in the first quarter valued at about $26,000. Institutional investors and hedge funds own 24.55% of the company’s stock.

Maui Land & Pineapple Company Profile

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.