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Director Stephen M. Case, a ten percent owner of MAUI LAND & PINEAPPLE CO INC (NYSE:MLP), reported purchasing shares of the company’s common stock in two transactions. On September 3rd, Case acquired 881 shares and on September 4th, Case acquired 132 shares, both at a price of $16.99.
The September 3rd purchase of 881 shares was executed in multiple transactions at prices ranging from $16.95 to $17.00, resulting in a weighted average price of $16.99 per share. The total value of the shares purchased amounts to $17,210. With the stock trading at a high Price/Book multiple of 12.8x and showing negative returns on equity, InvestingPro subscribers can access detailed insider trading analysis and 6 additional key insights about MLP’s valuation.
Following these transactions, Case directly holds 67,427 shares and indirectly holds 11,935,478 shares through a trust. The company has posted negative earnings of -$0.70 per share over the last twelve months, though it maintains a relatively strong balance sheet with minimal debt-to-capital ratio of 0.01.
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