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.
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.
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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.
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