Maui Land & Pineapple Company, Inc. (NYSE:MLP) Stake Reduced by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its holdings in shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP) by 3.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 306,392 shares of the financial services provider’s stock after selling 9,730 shares during the period. Dimensional Fund Advisors LP owned approximately 1.56% of Maui Land & Pineapple worth $6,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in MLP. BNP Paribas Financial Markets lifted its holdings in shares of 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 valued at $135,000 after purchasing an additional 3,790 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Maui Land & Pineapple by 3.4% during the second 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 in the last quarter. Finally, Herr Investment Group LLC lifted its stake in Maui Land & Pineapple by 47.8% during 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 buying an additional 135,791 shares in the last quarter. Institutional investors and hedge funds own 24.55% of the company’s stock.

Wall Street Analyst Weigh In

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

Maui Land & Pineapple Trading Down 0.7 %

NYSE:MLP opened at $23.15 on Wednesday. Maui Land & Pineapple Company, Inc. has a 1-year low of $13.19 and a 1-year high of $26.46. The firm has a market capitalization of $455.82 million, a price-to-earnings ratio of -154.33 and a beta of 0.45. The business’s fifty day moving average price is $23.08 and its 200 day moving average price is $21.87.

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