Maui Land & Pineapple (NYSE:MLP) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Maui Land & Pineapple Company, Inc. (NYSE:MLP) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.80 and traded as low as $16.63. Maui Land & Pineapple shares last traded at $16.9620, with a volume of 15,747 shares traded.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MLP shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Maui Land & Pineapple in a research note on Thursday, January 22nd. Wall Street Zen upgraded Maui Land & Pineapple from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Maui Land & Pineapple currently has a consensus rating of “Sell”.

Maui Land & Pineapple Stock Up 0.4%

The company’s fifty day simple moving average is $16.96 and its two-hundred day simple moving average is $16.80. The company has a market capitalization of $333.21 million, a price-to-earnings ratio of -28.61 and a beta of 0.66.

Insider Transactions at Maui Land & Pineapple

In other Maui Land & Pineapple news, Director Stephen M. Case bought 5,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was purchased at an average cost of $16.79 per share, with a total value of $83,950.00. Following the completion of the purchase, the director owned 11,987,534 shares in the company, valued at approximately $201,270,695.86. The trade was a 0.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought 8,750 shares of company stock valued at $145,521 over the last ninety days. 65.88% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Valueworks LLC grew its holdings in shares of Maui Land & Pineapple by 21.1% during the fourth quarter. Valueworks LLC now owns 1,201,935 shares of the financial services provider’s stock worth $20,361,000 after buying an additional 209,613 shares in the last quarter. Raymond James Financial Inc. boosted its position in Maui Land & Pineapple by 4.0% during the 3rd quarter. Raymond James Financial Inc. now owns 77,540 shares of the financial services provider’s stock worth $1,445,000 after acquiring an additional 2,985 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Maui Land & Pineapple by 11.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,828 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 2,189 shares in the last quarter. Steinberganna Wealth Management acquired a new stake in shares of Maui Land & Pineapple in the third quarter valued at approximately $304,000. Finally, Diametric Capital LP bought a new stake in shares of Maui Land & Pineapple in the second quarter worth $198,000. 24.55% of the stock is owned by institutional investors and hedge funds.

About Maui Land & Pineapple

Maui Land & Pineapple Company, Inc (NYSE: MLP) is a real estate development and natural resource management enterprise headquartered in Kahului on the island of Maui, Hawaii. The company maintains a diversified portfolio of commercial, industrial, retail, hospitality and residential properties, primarily serving the local Maui market. Through its property management and leasing activities, MLP supports a range of tenants and projects designed to meet the evolving needs of residents, small businesses and visitors to the island.

Originally best known for its pineapple cultivation operations dating back to the early 20th century, MLP transitioned from its agricultural roots following the divestiture of its pineapple farming business in 2009.