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

Maui Land & Pineapple (NYSE:MLP) posted its quarterly earnings data on Friday. The financial services provider reported ($0.10) earnings per share for the quarter, Zacks reports. Maui Land & Pineapple had a negative return on equity of 35.32% and a negative net margin of 54.37%.

Maui Land & Pineapple Trading Down 1.3%

Shares of MLP traded down $0.19 during trading hours on Friday, reaching $14.97. The stock had a trading volume of 11,312 shares, compared to its average volume of 12,797. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Maui Land & Pineapple has a 52 week low of $13.84 and a 52 week high of $20.34. The firm has a 50-day moving average of $15.78 and a 200 day moving average of $16.20. The company has a market cap of $297.45 million, a P/E ratio of -27.72 and a beta of 0.66.

Institutional Trading of Maui Land & Pineapple

Large investors have recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of Maui Land & Pineapple in the 1st quarter valued at $26,000. Tower Research Capital LLC TRC increased its position in shares of Maui Land & Pineapple by 339.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock valued at $51,000 after buying an additional 2,177 shares in the last quarter. Deutsche Bank AG increased its position in shares of Maui Land & Pineapple by 23.4% in the 4th quarter. Deutsche Bank AG now owns 5,264 shares of the financial services provider’s stock valued at $89,000 after buying an additional 999 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Maui Land & Pineapple by 75.8% in the 4th quarter. Wells Fargo & Company MN now owns 7,477 shares of the financial services provider’s stock valued at $127,000 after buying an additional 3,224 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Maui Land & Pineapple by 9.2% in the 4th quarter. Barclays PLC now owns 10,616 shares of the financial services provider’s stock valued at $180,000 after buying an additional 892 shares in the last quarter. Institutional investors own 24.55% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on MLP shares. Wall Street Zen upgraded shares of Maui Land & Pineapple from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Maui Land & Pineapple in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Maui Land & Pineapple has an average rating of “Sell”.

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.