Wall Street Zen Downgrades Maui Land & Pineapple (NYSE:MLP) to Sell

Maui Land & Pineapple (NYSE:MLP) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Maui Land & Pineapple in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Maui Land & Pineapple Price Performance

NYSE MLP opened at $17.09 on Friday. The firm has a market capitalization of $337.26 million, a price-to-earnings ratio of -28.96 and a beta of 0.64. The company has a 50 day simple moving average of $15.82 and a 200-day simple moving average of $16.91. Maui Land & Pineapple has a 52-week low of $13.84 and a 52-week high of $23.41.

Maui Land & Pineapple (NYSE:MLP) last announced its quarterly earnings data on Friday, November 14th. The financial services provider reported $0.01 EPS for the quarter. Maui Land & Pineapple had a negative net margin of 61.64% and a negative return on equity of 37.71%. The firm had revenue of $4.53 million for the quarter.

Insider Activity

In related news, CEO Race A. Randle acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were acquired at an average cost of $14.24 per share, with a total value of $42,720.00. Following the purchase, the chief executive officer owned 54,597 shares of the company’s stock, valued at approximately $777,461.28. The trade was a 5.81% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen M. Case bought 5,000 shares of Maui Land & Pineapple stock in a transaction that occurred on Thursday, December 11th. The stock was bought at an average price of $16.79 per share, with a total value of $83,950.00. Following the completion of the acquisition, the director owned 11,987,534 shares in the company, valued at approximately $201,270,695.86. The trade was a 0.04% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 31,089 shares of company stock worth $477,140. Corporate insiders own 65.88% of the company’s stock.

Institutional Trading of Maui Land & Pineapple

Institutional investors and hedge funds have recently modified their holdings of the company. Strs Ohio bought a new stake in Maui Land & Pineapple during the first quarter valued at about $26,000. Tower Research Capital LLC TRC increased its position in Maui Land & Pineapple by 339.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 2,177 shares during the period. Deutsche Bank AG raised its stake in 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 valued at $121,000 after purchasing an additional 4,807 shares during the last quarter. Nuveen LLC bought a new stake in Maui Land & Pineapple in the 1st quarter valued at $181,000. Finally, Diametric Capital LP bought a new position in shares of Maui Land & Pineapple during the 2nd quarter worth about $198,000. 24.55% of the stock is currently owned by institutional investors and hedge funds.

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.