Maui Land & Pineapple (NYSE:MLP) Stock Passes Above 50-Day Moving Average – Should You Sell?

Maui Land & Pineapple Company, Inc. (NYSE:MLP) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.55 and traded as high as $17.26. Maui Land & Pineapple shares last traded at $16.9940, with a volume of 11,445 shares.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MLP. Weiss Ratings reissued a “sell (d-)” rating on shares of Maui Land & Pineapple in a research note on Thursday. Wall Street Zen raised Maui Land & Pineapple from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Maui Land & Pineapple currently has a consensus rating of “Sell”.

Maui Land & Pineapple Trading Down 0.8%

The stock has a 50-day moving average of $16.55 and a two-hundred day moving average of $16.81. The firm has a market cap of $335.46 million, a price-to-earnings ratio of -28.80 and a beta of 0.65.

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

Insider Buying and Selling

In other news, CEO Race A. Randle bought 2,000 shares of the business’s stock in a transaction on Friday, November 21st. The shares were bought at an average cost of $14.48 per share, with a total value of $28,960.00. Following the purchase, the chief executive officer directly owned 56,597 shares in the company, valued at $819,524.56. This trade represents a 3.66% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen M. Case bought 5,000 shares of Maui Land & Pineapple stock in a transaction dated Thursday, December 11th. The stock was acquired at an average price of $16.79 per share, with a total value of $83,950.00. Following the acquisition, the director directly owned 11,987,534 shares of the company’s stock, valued at approximately $201,270,695.86. This represents a 0.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 31,389 shares of company stock worth $482,240 in the last 90 days. 65.88% of the stock is owned by company insiders.

Institutional Investors Weigh In On Maui Land & Pineapple

Several hedge funds have recently bought and sold shares of MLP. Strs Ohio acquired a new stake in Maui Land & Pineapple during the 1st quarter worth about $26,000. Diametric Capital LP acquired a new stake in shares of Maui Land & Pineapple during the second quarter worth approximately $198,000. Raymond James Financial Inc. boosted its holdings in shares of Maui Land & Pineapple by 1.4% during the second quarter. Raymond James Financial Inc. now owns 74,555 shares of the financial services provider’s stock worth $1,356,000 after purchasing an additional 1,000 shares during the period. Tower Research Capital LLC TRC grew 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 valued at $51,000 after purchasing an additional 2,177 shares in the last quarter. Finally, Steinberganna Wealth Management acquired a new position in Maui Land & Pineapple in the 3rd quarter valued at approximately $304,000. 24.55% of the stock is owned by hedge funds and other institutional investors.

About Maui Land & Pineapple

Maui Land & Pineapple Company, Inc (NYSE: MLP) is a real estate development and natural resource management enterprise headquartered in Kahului on the island of Maui, Hawaii. The company maintains a diversified portfolio of commercial, industrial, retail, hospitality and residential properties, primarily serving the local Maui market. Through its property management and leasing activities, MLP supports a range of tenants and projects designed to meet the evolving needs of residents, small businesses and visitors to the island.

Originally best known for its pineapple cultivation operations dating back to the early 20th century, MLP transitioned from its agricultural roots following the divestiture of its pineapple farming business in 2009.