Raymond James Financial Inc. Purchases Shares of 74,985 Maui Land & Pineapple Company, Inc. (NYSE:MLP)

Raymond James Financial Inc. bought a new position in Maui Land & Pineapple Company, Inc. (NYSE:MLP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 74,985 shares of the financial services provider's stock, valued at approximately $1,648,000. Raymond James Financial Inc. owned about 0.38% of Maui Land & Pineapple at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its stake in Maui Land & Pineapple by 296.9% in the 3rd quarter. Barclays PLC now owns 10,815 shares of the financial services provider's stock valued at $243,000 after purchasing an additional 8,090 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Maui Land & Pineapple by 0.8% during the third quarter. Geode Capital Management LLC now owns 167,830 shares of the financial services provider's stock worth $3,768,000 after buying an additional 1,333 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Maui Land & Pineapple by 18.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,765 shares of the financial services provider's stock valued at $85,000 after acquiring an additional 595 shares during the last quarter. State Street Corp boosted its holdings in shares of Maui Land & Pineapple by 4.5% during the 3rd quarter. State Street Corp now owns 107,366 shares of the financial services provider's stock valued at $2,410,000 after acquiring an additional 4,654 shares in the last quarter. Finally, JPMorgan Chase & Co. grew 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 worth $125,000 after acquiring an additional 2,122 shares during the last quarter. 24.55% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Maui Land & Pineapple Price Performance

MLP traded down $0.48 on Friday, reaching $15.91. The stock had a trading volume of 31,834 shares, compared to its average volume of 16,572. The firm has a 50-day moving average of $19.22 and a 200-day moving average of $21.30. Maui Land & Pineapple Company, Inc. has a fifty-two week low of $15.19 and a fifty-two week high of $26.46. The company has a market capitalization of $312.29 million, a price-to-earnings ratio of -69.16 and a beta of 0.54. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.09.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last released its quarterly earnings data on Monday, March 31st. The financial services provider reported ($0.11) earnings per share (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 firm had revenue of $3.41 million during the quarter.

Maui Land & Pineapple 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.