Rockefeller Capital Management L.P. Takes $145,000 Position in Alexander & Baldwin Inc (NYSE:ALEX)

Share on StockTwits

Rockefeller Capital Management L.P. bought a new stake in Alexander & Baldwin Inc (NYSE:ALEX) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 5,688 shares of the financial services provider’s stock, valued at approximately $145,000.

Other hedge funds have also recently made changes to their positions in the company. Two Sigma Investments LP raised its holdings in Alexander & Baldwin by 329.1% in the 4th quarter. Two Sigma Investments LP now owns 92,532 shares of the financial services provider’s stock worth $1,701,000 after purchasing an additional 70,969 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Alexander & Baldwin by 27.0% in the 4th quarter. Great West Life Assurance Co. Can now owns 48,522 shares of the financial services provider’s stock valued at $835,000 after acquiring an additional 10,322 shares during the last quarter. Shell Asset Management Co. bought a new position in shares of Alexander & Baldwin in the 1st quarter valued at about $634,000. Fruth Investment Management bought a new position in shares of Alexander & Baldwin in the 1st quarter valued at about $212,000. Finally, Bank of Montreal Can lifted its stake in Alexander & Baldwin by 3,004.3% in the first quarter. Bank of Montreal Can now owns 125,195 shares of the financial services provider’s stock worth $3,185,000 after purchasing an additional 121,162 shares during the last quarter. Hedge funds and other institutional investors own 79.02% of the company’s stock.

Shares of ALEX stock opened at $23.63 on Friday. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.67. Alexander & Baldwin Inc has a 52-week low of $17.58 and a 52-week high of $25.69.

Alexander & Baldwin (NYSE:ALEX) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The company had revenue of $129.40 million during the quarter, compared to the consensus estimate of $89.23 million. Alexander & Baldwin had a negative net margin of 16.70% and a negative return on equity of 8.56%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Friday, May 10th were issued a $0.165 dividend. This is a positive change from Alexander & Baldwin’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Thursday, May 9th.

In other Alexander & Baldwin news, CEO Christopher J. Benjamin sold 52,690 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $23.54, for a total transaction of $1,240,322.60. Following the sale, the chief executive officer now directly owns 873 shares in the company, valued at approximately $20,550.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stanley M. Kuriyama sold 6,300 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $24.48, for a total transaction of $154,224.00. Following the sale, the director now owns 338,810 shares in the company, valued at $8,294,068.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,590 shares of company stock worth $1,689,702. Company insiders own 6.40% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Rockefeller Capital Management L.P. Takes $145,000 Position in Alexander & Baldwin Inc (NYSE:ALEX)” was published by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/4371356/rockefeller-capital-management-l-p-takes-145000-position-in-alexander-baldwin-inc-nysealex.html.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. A&B is a fully integrated real estate investment trust and owns, operates and manages approximately 3.5 million square feet of primarily retail and industrial space in Hawai`i, and is a major landowner in the state.

Recommended Story: Portfolio Manager

Want to see what other hedge funds are holding ALEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexander & Baldwin Inc (NYSE:ALEX).

Institutional Ownership by Quarter for Alexander & Baldwin (NYSE:ALEX)

Receive News & Ratings for Alexander & Baldwin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexander & Baldwin and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Rockefeller Capital Management L.P. Takes $145,000 Position in Alexander & Baldwin Inc
Rockefeller Capital Management L.P. Takes $145,000 Position in Alexander & Baldwin Inc
Sawtooth Solutions LLC Acquires New Stake in Hunt Companies Finance Trust Inc
Sawtooth Solutions LLC Acquires New Stake in Hunt Companies Finance Trust Inc
15,338 Shares in Boulder Growth & Income Fund Inc  Purchased by Rockefeller Capital Management L.P.
15,338 Shares in Boulder Growth & Income Fund Inc Purchased by Rockefeller Capital Management L.P.
Medtronic PLC  Position Boosted by Princeton Portfolio Strategies Group LLC
Medtronic PLC Position Boosted by Princeton Portfolio Strategies Group LLC
ROIyal Coin  Price Reaches $0.0044 on Major Exchanges
ROIyal Coin Price Reaches $0.0044 on Major Exchanges
Lululemon Athletica  Given a $210.00 Price Target at Wells Fargo & Co
Lululemon Athletica Given a $210.00 Price Target at Wells Fargo & Co


© 2006-2019 Ticker Report