W Allen Doane, Jr. Sells 10,000 Shares of Alexander & Baldwin Inc (NYSE:ALEX) Stock

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Alexander & Baldwin Inc (NYSE:ALEX) Director W Allen Doane, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $23.48, for a total value of $234,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Alexander & Baldwin stock traded up $0.01 during mid-day trading on Friday, hitting $23.64. The company had a trading volume of 276,673 shares, compared to its average volume of 324,693. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.64 and a current ratio of 2.64. Alexander & Baldwin Inc has a 12-month low of $17.58 and a 12-month high of $25.69.

Alexander & Baldwin (NYSE:ALEX) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.12 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. Alexander & Baldwin had a negative return on equity of 8.56% and a negative net margin of 16.70%. The business had revenue of $129.40 million for the quarter, compared to analyst estimates of $89.23 million. During the same quarter in the prior year, the firm posted $0.66 EPS. The business’s quarterly revenue was up 14.2% compared to the same quarter last year.

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

A number of institutional investors have recently added to or reduced their stakes in ALEX. Wellington Management Group LLP boosted its position in Alexander & Baldwin by 54.5% in the 1st quarter. Wellington Management Group LLP now owns 6,513,863 shares of the financial services provider’s stock worth $165,712,000 after purchasing an additional 2,297,220 shares in the last quarter. Norges Bank purchased a new stake in Alexander & Baldwin in the 4th quarter worth approximately $16,449,000. Oregon Public Employees Retirement Fund boosted its position in Alexander & Baldwin by 1,738.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 490,911 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 464,202 shares in the last quarter. Centersquare Investment Management LLC purchased a new stake in Alexander & Baldwin in the 1st quarter worth approximately $10,535,000. Finally, BlackRock Inc. boosted its position in Alexander & Baldwin by 3.2% in the 4th quarter. BlackRock Inc. now owns 7,931,586 shares of the financial services provider’s stock worth $145,784,000 after purchasing an additional 245,845 shares in the last quarter. Institutional investors and hedge funds own 79.02% 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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