Maui Land & Pineapple (NYSE:MLP) Posts Quarterly Earnings Results

by · The Cerbat Gem

Maui Land & Pineapple (NYSE:MLP – Get Free Report) released its earnings results on Friday. The financial services provider reported $0.01 earnings per share for the quarter, FiscalAI reports. The business had revenue of $4.53 million for the quarter. Maui Land & Pineapple had a negative net margin of 81.82% and a negative return on equity of 45.87%.

Maui Land & Pineapple Stock Down 1.8%

Shares of NYSE:MLP traded down $0.27 during trading on Friday, reaching $14.61. 51,856 shares of the company traded hands, compared to its average volume of 18,198. The firm has a fifty day simple moving average of $16.98 and a 200 day simple moving average of $16.85. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.01. Maui Land & Pineapple has a 1-year low of $14.05 and a 1-year high of $24.49. The firm has a market cap of $288.50 million, a P/E ratio of -20.58 and a beta of 0.75.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Maui Land & Pineapple in a research report on Wednesday, October 8th. Wall Street Zen downgraded Maui Land & Pineapple from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Maui Land & Pineapple presently has a consensus rating of “Sell”.

View Our Latest Research Report on Maui Land & Pineapple

Insider Activity

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

Hedge Funds Weigh In On Maui Land & Pineapple

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Hawaiian Bank acquired a new position in shares of Maui Land & Pineapple during the first quarter valued at about $52,710,000. Valueworks LLC increased its stake in Maui Land & Pineapple by 2.1% during the third quarter. Valueworks LLC now owns 992,322 shares of the financial services provider’s stock valued at $18,497,000 after acquiring an additional 20,255 shares during the period. Raymond James Financial Inc. raised its holdings in Maui Land & Pineapple by 4.0% in the 3rd quarter. Raymond James Financial Inc. now owns 77,540 shares of the financial services provider’s stock valued at $1,445,000 after acquiring an additional 2,985 shares in the last quarter. NBC Securities Inc. lifted its position in shares of Maui Land & Pineapple by 8.0% in the 2nd quarter. NBC Securities Inc. now owns 46,740 shares of the financial services provider’s stock worth $850,000 after acquiring an additional 3,450 shares during the period. Finally, Steinberganna Wealth Management bought a new stake in shares of Maui Land & Pineapple in the 3rd quarter worth approximately $304,000. Institutional investors and hedge funds own 24.55% of the company’s stock.

About Maui Land & Pineapple

(Get Free Report)

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.

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