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

Wall Street Zen cut shares of Maui Land & Pineapple (NYSE:MLP) from a hold rating to a sell rating in a research note published on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Maui Land & Pineapple in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Maui Land & Pineapple Stock Down 1.0%

Shares of NYSE MLP opened at $14.46 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.01. The firm has a market cap of $285.48 million, a PE ratio of -20.37 and a beta of 0.75. The company’s fifty day simple moving average is $16.93 and its 200 day simple moving average is $16.86. Maui Land & Pineapple has a 12-month low of $14.05 and a 12-month high of $24.49.

Maui Land & Pineapple (NYSE:MLP) last posted its quarterly earnings results on Friday, November 14th. The financial services provider reported $0.01 earnings per share for the quarter. The firm had revenue of $4.53 million during the quarter. Maui Land & Pineapple had a negative net margin of 81.82% and a negative return on equity of 45.87%.

Insider Activity

In other Maui Land & Pineapple news, Director Stephen M. Case bought 2,500 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was bought at an average cost of $16.91 per share, with a total value of $42,275.00. Following the completion of the transaction, the director directly owned 11,937,978 shares in the company, valued at approximately $201,871,207.98. The trade was a 0.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have bought 10,000 shares of company stock worth $167,613 in the last ninety days. 65.88% of the stock is owned by company insiders.

Hedge Funds Weigh In On Maui Land & Pineapple

A number of hedge funds have recently added to or reduced their stakes in MLP. Strs Ohio bought a new stake in Maui Land & Pineapple during the 1st quarter worth approximately $26,000. Tower Research Capital LLC TRC grew its holdings 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 buying an additional 2,177 shares in the last quarter. Deutsche Bank AG raised its position in Maui Land & Pineapple by 233.2% in the 1st quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider’s stock valued at $121,000 after buying an additional 4,807 shares during the last quarter. Nuveen LLC purchased a new stake in Maui Land & Pineapple in the 1st quarter valued at $181,000. Finally, Diametric Capital LP bought a new position in Maui Land & Pineapple during the 2nd quarter valued at $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.