It is trading at $15.95 which is just over the 50 day moving average which is $14.82 and which is just a bit below the 200 day moving average of $16.25. The 50 day moving average was up $1.12 or +7.59% and the 200 day average was down $-0.30. (NYSE:MLP) shares saw light trading volume with 27K shares changing hands by the end of trading on Tuesday. Overall, volume was down 45.47% under the stocks normal daily volume.
Investors are more bullish on Maui Land & Pineapple Company, of late at least if you consider the fall in short interest. The firm saw a fall in short interest of -4.53% as of the latest report on October 13, 2017. Short interest decreased from 582,113 to 555,745 over that timeframe. With short interest at 555,745 and short average daily volume at 59,963, days to cover is 9.0 and the percentage of shorted shares was 0.03% on October 13.
The following firms have recently changed their position in MLP. As of quarter end Ubs Group Ag had bought 540 shares growing its position 1.0%. The value in dollars increased from $638,000 to $1,114,000 a change of $476,000 for the reporting period. As of the end of the quarter James Investment Research Inc had disposed of a total of 530 shares trimming its stake by 0.7%. The value of the total investment in Maui Land & Pineapple Company, went from $1,607,000 to $1,097,000 a change of 31.7% quarter to quarter.
As of quarter end Acadian Asset Management LLC had acquired 153,480 shares growing its holdings by 217.8%. The value of the company’s investment in Maui Land & Pineapple Company, increased from $1,432,000 to $3,125,000 increasing 118.2% quarter over quarter. As of the end of the quarter Strs Ohio had acquired a total of 17,100 shares growing its position 57.8%. The value of the investment in MLP increased from $600,000 to $651,000 a change of $51,000 since the last quarter.
Maui Land & Pineapple Company, ‘s P/E ratio is 13.67 and the market value is 304.50M.
Maui Land & Pineapple Company, Inc., launched on December 17, 1909, is a landholding and operating company. The Business’s segments include Real Estate, Leasing, Utilities and Resort Amenities. The Company develops, sells, and manages residential, resort, commercial, and industrial real estate. The Company owns approximately 23,000 acres on the land of Maui on which it operates the Kapalua Resort community..