Maui Land & Pineapple (NYSE:MLP) Stock Price Passes Below 50-Day Moving Average of $10.45

Maui Land & Pineapple Co. (NYSE:MLP) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.45 and traded as low as $9.87. Maui Land & Pineapple shares last traded at $10.14, with a volume of 3 shares changing hands.

Separately, TheStreet raised shares of Maui Land & Pineapple from a “d+” rating to a “c” rating in a research note on Monday, March 25th.

The company has a market capitalization of $198.60 million, a PE ratio of 1,029.00 and a beta of 0.85. The stock’s 50 day simple moving average is $10.42.

Maui Land & Pineapple (NYSE:MLP) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported ($0.06) earnings per share for the quarter. Maui Land & Pineapple had a net margin of 5.46% and a return on equity of 2.04%. The company had revenue of $2.84 million during the quarter.

In other news, VP Paulus Subrata sold 9,000 shares of Maui Land & Pineapple stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $10.30, for a total transaction of $92,700.00. Following the completion of the transaction, the vice president now directly owns 236 shares in the company, valued at $2,430.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 65.50% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Stevens First Principles Investment Advisors grew its holdings in shares of Maui Land & Pineapple by 750.0% during the first quarter. Stevens First Principles Investment Advisors now owns 17,000 shares of the financial services provider’s stock valued at $194,000 after buying an additional 15,000 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Maui Land & Pineapple by 16.6% during the fourth quarter. Raymond James & Associates now owns 20,345 shares of the financial services provider’s stock valued at $202,000 after buying an additional 2,900 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Maui Land & Pineapple by 1.8% during the first quarter. Oppenheimer & Co. Inc. now owns 313,204 shares of the financial services provider’s stock valued at $3,580,000 after buying an additional 5,480 shares during the last quarter. Hedge funds and other institutional investors own 15.41% of the company’s stock.

About Maui Land & Pineapple (NYSE:MLP)

Maui Land & Pineapple Company, Inc, together with its subsidiaries, develops, sells, and manages residential, resort, commercial, agricultural, and industrial real estate properties in the United States. The company operates through Real Estate, Leasing, Utilities, and Resort Amenities segments. The Real Estate segment is involved in the land planning and entitlement, development, and sales activities; and general brokerage real estate business.

Further Reading: Why do company’s buyback their stock?

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