Maui Land & Pineapple (MLP) traded down $0.45 during mid-day trading on Tuesday, hitting $12.25. 13,021 shares of the stock were exchanged, compared to its average volume of 42,259. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.45 and a quick ratio of 1.45. Maui Land & Pineapple has a one year low of $7.45 and a one year high of $27.80. The company has a market capitalization of $231.23, a price-to-earnings ratio of 12.13 and a beta of 0.05.
Hedge funds have recently added to or reduced their stakes in the company. New York State Common Retirement Fund bought a new position in shares of Maui Land & Pineapple in the second quarter valued at approximately $146,000. Russell Investments Group Ltd. bought a new stake in Maui Land & Pineapple during the second quarter valued at approximately $197,000. Cornerstone Capital Management Holdings LLC. bought a new stake in Maui Land & Pineapple during the second quarter valued at approximately $198,000. Citadel Advisors LLC bought a new stake in Maui Land & Pineapple during the second quarter valued at approximately $220,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in Maui Land & Pineapple during the third quarter valued at approximately $158,000. Institutional investors own 25.44% of the company’s stock.
Maui Land & Pineapple Company, Inc is a landholding and operating company. The Company’s segments include Real Estate, which consists of land planning and entitlement, development and sales activities of its landholdings on Maui; Leasing, which includes residential, resort, agricultural, commercial, and industrial land and property leases, licensing of its registered trademarks and trade names, and stewardship and conservation efforts; Utilities, which includes the operations of its Hawaii Public Utilities Commission-regulated subsidiaries, including Kapalua Water Company, Ltd.
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