Maui Land & Pineapple (NYSE:MLP) Stock Price Crosses Below Two Hundred Day Moving Average of $20.82

Maui Land & Pineapple Company, Inc. (NYSE:MLP)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.82 and traded as low as $20.62. Maui Land & Pineapple shares last traded at $20.75, with a volume of 9,978 shares traded.

Maui Land & Pineapple Price Performance

The firm has a market capitalization of $422.35 million, a price-to-earnings ratio of -143.00 and a beta of 0.47. The business has a 50 day moving average of $21.73 and a 200 day moving average of $20.84.

Maui Land & Pineapple (NYSE:MLP) last announced its quarterly earnings results on Monday, May 13th. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $2.48 million during the quarter. Maui Land & Pineapple had a negative net margin of 27.85% and a negative return on equity of 9.18%.

Hedge Funds Weigh In On Maui Land & Pineapple

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bfsg LLC acquired a new stake in Maui Land & Pineapple in the 4th quarter valued at approximately $52,000. CastleKnight Management LP lifted its position in shares of Maui Land & Pineapple by 29.3% in the fourth quarter. CastleKnight Management LP now owns 35,302 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 8,002 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Maui Land & Pineapple by 154.4% during the first quarter. BNP Paribas Financial Markets now owns 6,245 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 3,790 shares during the last quarter. Herr Investment Group LLC grew its position in Maui Land & Pineapple by 47.8% in the first quarter. Herr Investment Group LLC now owns 419,602 shares of the financial services provider’s stock valued at $9,089,000 after purchasing an additional 135,791 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Maui Land & Pineapple by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 20,032 shares of the financial services provider’s stock valued at $442,000 after buying an additional 660 shares during the last quarter. 24.55% of the stock is owned by institutional investors and hedge funds.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Company, Inc, together with its subsidiaries, engages in the planning, managing, developing, and selling residential, resort, commercial, agricultural, and industrial real estate properties in the United States. It operates through Land Development & Sales, Leasing, and Resort Amenities segments.