Entropy Technologies LP Purchases Shares of 19,240 Alexander & Baldwin, Inc. (NYSE:ALEX)

Entropy Technologies LP bought a new position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,240 shares of the financial services provider's stock, valued at approximately $341,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new stake in shares of Alexander & Baldwin in the 2nd quarter valued at approximately $219,000. SG Americas Securities LLC increased its holdings in Alexander & Baldwin by 283.3% in the 3rd quarter. SG Americas Securities LLC now owns 24,003 shares of the financial services provider's stock valued at $461,000 after purchasing an additional 17,741 shares during the last quarter. GAMMA Investing LLC raised its position in Alexander & Baldwin by 103.3% in the third quarter. GAMMA Investing LLC now owns 1,494 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 759 shares during the period. Inspire Investing LLC acquired a new position in Alexander & Baldwin during the third quarter worth $413,000. Finally, Creative Planning acquired a new position in Alexander & Baldwin during the third quarter worth $216,000. Hedge funds and other institutional investors own 91.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ALEX shares. JMP Securities reiterated a "market perform" rating on shares of Alexander & Baldwin in a report on Monday, January 6th. Piper Sandler reaffirmed an "overweight" rating and issued a $23.00 target price (up from $22.00) on shares of Alexander & Baldwin in a research report on Friday, October 25th. Finally, StockNews.com raised shares of Alexander & Baldwin from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Alexander & Baldwin has an average rating of "Moderate Buy" and a consensus price target of $22.50.

Alexander & Baldwin Stock Down 1.2 %

Shares of Alexander & Baldwin stock traded down $0.22 during trading hours on Monday, reaching $17.78. 171,897 shares of the company were exchanged, compared to its average volume of 285,490. The firm has a market cap of $1.29 billion, a PE ratio of 28.67 and a beta of 1.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. Alexander & Baldwin, Inc. has a 1 year low of $15.53 and a 1 year high of $20.30. The stock's fifty day moving average is $17.82 and its 200 day moving average is $18.71.

Alexander & Baldwin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a dividend of $0.2225 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.89 annualized dividend and a yield of 5.01%. Alexander & Baldwin's dividend payout ratio (DPR) is 145.16%.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company's simplification and monetization effort.