Cannell & Spears LLC Raises Stock Holdings in Maui Land & Pineapple Company, Inc. (NYSE:MLP)

Cannell & Spears LLC increased its stake in Maui Land & Pineapple Company, Inc. (NYSE:MLP) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,455 shares of the financial services provider’s stock after purchasing an additional 1,000 shares during the period. Cannell & Spears LLC’s holdings in Maui Land & Pineapple were worth $581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in 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 worth $85,000 after buying an additional 595 shares in the last quarter. JPMorgan Chase & Co. grew its position in Maui Land & Pineapple by 61.9% in the third 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 in the last quarter. Barclays PLC grew its position in Maui Land & Pineapple by 296.9% in the third quarter. Barclays PLC now owns 10,815 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 8,090 shares in the last quarter. Bank of New York Mellon Corp raised its position in Maui Land & Pineapple by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 16,145 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 1,603 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Maui Land & Pineapple during the fourth quarter worth about $1,648,000. 24.55% of the stock is owned by hedge funds and other institutional investors.

Maui Land & Pineapple Price Performance

MLP opened at $17.56 on Wednesday. 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 stock has a market capitalization of $344.72 million, a P/E ratio of -76.34 and a beta of 0.54. The stock has a 50-day moving average price of $19.34 and a 200-day moving average price of $21.36. Maui Land & Pineapple Company, Inc. has a 12-month low of $17.02 and a 12-month high of $26.46.

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

About Maui Land & Pineapple

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.