Maui Land & Pineapple (NYSE:MLP) Releases Earnings Results

Maui Land & Pineapple (NYSE:MLP) posted its earnings results on Friday. The financial services provider reported ($0.08) EPS for the quarter, FiscalAI reports. Maui Land & Pineapple had a negative net margin of 23.44% and a negative return on equity of 12.78%. The business had revenue of $3.69 million for the quarter.

Maui Land & Pineapple Stock Down 1.7%

MLP stock opened at $15.32 on Friday. The stock has a market capitalization of $304.31 million, a P/E ratio of -66.60 and a beta of 0.68. The firm has a 50-day simple moving average of $17.29 and a 200-day simple moving average of $16.65. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.21. Maui Land & Pineapple has a 52 week low of $13.84 and a 52 week high of $20.34.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Maui Land & Pineapple in the 2nd quarter worth about $9,994,000. Deutsche Bank AG acquired a new position in shares of Maui Land & Pineapple during the second quarter valued at approximately $85,000. Bank of New York Mellon Corp acquired a new position in shares of Maui Land & Pineapple during the second quarter valued at approximately $250,000. GSA Capital Partners LLP acquired a new position in shares of Maui Land & Pineapple during the second quarter valued at approximately $345,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Maui Land & Pineapple in the first quarter valued at approximately $159,000. 24.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MLP. Weiss Ratings upgraded Maui Land & Pineapple from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. Wall Street Zen cut Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

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.