Tsp Capital Management Group Lowers stake in Maui Land & Pineapple Co. (MLP)

Maui Land & Pineapple Co. (MLP) : Tsp Capital Management Group reduced its stake in Maui Land & Pineapple Co. by 3.73% during the most recent quarter end. The investment management company now holds a total of 1,224,622 shares of Maui Land & Pineapple Co. which is valued at $8,351,922 after selling 47,473 shares in Maui Land & Pineapple Co. , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Maui Land & Pineapple Co. makes up approximately 4.12% of Tsp Capital Management Group’s portfolio.

Other Hedge Funds, Including , Oppenheimer Co Inc reduced its stake in MLP by selling 4,800 shares or 1.22% in the most recent quarter. The Hedge Fund company now holds 387,651 shares of MLP which is valued at $2,476,702. Maui Land & Pineapple Co. makes up approx 0.07% of Oppenheimer Co Inc’s portfolio. Creative Planning sold out all of its stake in MLP during the most recent quarter. The investment firm sold 500 shares of MLP which is valued $3,310. Davenport Co added MLP to its portfolio by purchasing 15,000 company shares during the most recent quarter which is valued at $99,300.

Maui Land & Pineapple Co. opened for trading at $6.5 and hit $6.5 on the upside on Friday, eventually ending the session at $6.42, with a gain of 0.31% or 0.02 points. The heightened volatility saw the trading volume jump to 3,472 shares. Company has a market cap of $122 M.

Maui Land & Pineapple Company Inc. is a landholding and operating company. The Company owns approximately 23000 acres on the island of Maui on which it operates the Kapalua Resort community. It develops sells and manages residential resort commercial and industrial real estate. Its operational segments include Real Estate Leasing Utilities and Resort Amenities. Its Real Estate segment includes all land planning entitlement development and sales activities of its landholdings on Maui. Its Leasing segment activities include commercial light industrial and agricultural land leases licensing of its registered trademarks and trade names and stewardship and conservation efforts. Its Utilities segment includes the operations of its two Hawaii Public Utilities Commission-regulated subsidiaries Kapalua Water Company Ltd. and Kapalua Waste Treatment Company Ltd. Its Resort Amenities segment includes the operations of the Kapalua Club.

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