Maui Land & Pineapple (NYSE:MLP) Downgraded by Wall Street Zen to “Sell”

Maui Land & Pineapple (NYSE:MLP) was downgraded by equities research 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 reaffirmed a “sell (d-)” rating on shares of Maui Land & Pineapple in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Maui Land & Pineapple Trading Down 0.8%

Shares of NYSE:MLP opened at $17.19 on Friday. The firm’s 50 day moving average is $15.83 and its two-hundred day moving average is $16.90. The firm has a market capitalization of $339.25 million, a P/E ratio of -29.13 and a beta of 0.64. 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 released its quarterly earnings results on Friday, November 14th. The financial services provider reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $4.53 million during the quarter. Maui Land & Pineapple had a negative return on equity of 37.71% and a negative net margin of 61.64%.

Insider Activity at Maui Land & Pineapple

In other news, Director Stephen M. Case acquired 5,000 shares of the stock in a transaction on Thursday, December 11th. The shares were purchased at an average cost of $16.79 per share, for a total transaction of $83,950.00. Following the transaction, the director owned 11,987,534 shares in the company, valued at approximately $201,270,695.86. This trade represents a 0.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Race A. Randle bought 3,000 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were purchased at an average cost of $14.24 per share, for a total transaction of $42,720.00. Following the completion of the purchase, the chief executive officer owned 54,597 shares in the company, valued at approximately $777,461.28. This trade represents a 5.81% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 31,089 shares of company stock worth $477,140. 65.88% of the stock is currently owned by insiders.

Institutional Trading of Maui Land & Pineapple

Hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio purchased a new position in shares of Maui Land & Pineapple during the first quarter valued at $26,000. Tower Research Capital LLC TRC boosted its position in Maui Land & Pineapple by 339.6% during the 2nd 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 grew 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 acquiring an additional 4,807 shares in the last quarter. Nuveen LLC purchased a new position in Maui Land & Pineapple during the 1st quarter valued at about $181,000. Finally, Diametric Capital LP acquired a new position in shares of Maui Land & Pineapple in the 2nd quarter valued at about $198,000. 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.