Maui Land & Pineapple Company, Inc. (NYSE:MLP) is Herr Investment Group LLC’s 9th Largest Position

Herr Investment Group LLC boosted its stake in shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP) by 25.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 526,386 shares of the financial services provider’s stock after buying an additional 106,784 shares during the period. Maui Land & Pineapple makes up approximately 0.8% of Herr Investment Group LLC’s holdings, making the stock its 9th largest holding. Herr Investment Group LLC owned approximately 2.67% of Maui Land & Pineapple worth $11,607,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of MLP. BNP Paribas Financial Markets raised its position in Maui Land & Pineapple by 154.4% in the 1st 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 period. CastleKnight Management LP grew its stake in shares of Maui Land & Pineapple by 29.3% during the fourth quarter. CastleKnight Management LP now owns 35,302 shares of the financial services provider’s stock valued at $561,000 after buying an additional 8,002 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Maui Land & Pineapple by 1.0% in the second quarter. Renaissance Technologies LLC now owns 107,449 shares of the financial services provider’s stock worth $2,369,000 after buying an additional 1,100 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Maui Land & Pineapple by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 20,032 shares of the financial services provider’s stock worth $442,000 after acquiring an additional 660 shares during the last quarter. 24.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th.

Maui Land & Pineapple Price Performance

MLP stock opened at $24.43 on Friday. Maui Land & Pineapple Company, Inc. has a 12 month low of $12.17 and a 12 month high of $26.46. The firm’s 50-day moving average is $23.38 and its 200 day moving average is $21.66. The company has a market capitalization of $481.03 million, a PE ratio of -162.87 and a beta of 0.46.

Maui Land & Pineapple (NYSE:MLP) last issued its earnings results on Monday, August 19th. The financial services provider reported ($0.09) EPS for the quarter. Maui Land & Pineapple had a negative return on equity of 11.32% and a negative net margin of 34.12%. The company had revenue of $2.65 million for the quarter.

Maui Land & Pineapple 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.