Raymond James Financial Inc. Takes Position in Maui Land & Pineapple Company, Inc. (NYSE:MLP)

Raymond James Financial Inc. purchased a new position in Maui Land & Pineapple Company, Inc. (NYSE:MLP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 74,985 shares of the financial services provider's stock, valued at approximately $1,648,000. Raymond James Financial Inc. owned 0.38% of Maui Land & Pineapple at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MLP. BNP Paribas Financial Markets increased its position in shares of Maui Land & Pineapple by 18.8% during the third quarter. BNP Paribas Financial Markets now owns 3,765 shares of the financial services provider's stock worth $85,000 after acquiring an additional 595 shares during the period. Geode Capital Management LLC grew its stake in Maui Land & Pineapple by 0.8% in the third quarter. Geode Capital Management LLC now owns 167,830 shares of the financial services provider's stock worth $3,768,000 after purchasing an additional 1,333 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Maui Land & Pineapple by 11.0% during the 4th quarter. Bank of New York Mellon Corp now owns 16,145 shares of the financial services provider's stock worth $355,000 after purchasing an additional 1,603 shares during the period. JPMorgan Chase & Co. raised its position in Maui Land & Pineapple by 61.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,551 shares of the financial services provider's stock valued at $125,000 after purchasing an additional 2,122 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Maui Land & Pineapple by 4.5% in the 3rd quarter. State Street Corp now owns 107,366 shares of the financial services provider's stock worth $2,410,000 after buying an additional 4,654 shares during the period. Institutional investors own 24.55% of the company's stock.

Maui Land & Pineapple Stock Down 2.9 %

Shares of MLP traded down $0.48 during midday trading on Friday, reaching $15.91. 31,834 shares of the stock were exchanged, compared to its average volume of 16,596. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.09. The company's 50 day moving average is $19.15 and its two-hundred day moving average is $21.19. The company has a market capitalization of $314.05 million, a P/E ratio of -69.16 and a beta of 0.63. Maui Land & Pineapple Company, Inc. has a 52 week low of $15.00 and a 52 week high of $26.46.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last posted its earnings results on Monday, March 31st. The financial services provider reported ($0.11) EPS for the quarter. Maui Land & Pineapple had a negative net margin of 40.09% and a negative return on equity of 14.23%. The business had revenue of $3.41 million for the quarter.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Co, Inc is a landholding and operating company, which engages in the development, sale, and management of real estate. It operates through the following segments: Real Estate, Leasing, and Resort Amenities. The Real Estate segment includes land planning and entitlement, development, and sales activities.