Alexander & Baldwin Inc (NYSE:ALEX) Director Stanley M. Kuriyama sold 6,300 shares of Alexander & Baldwin stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $24.48, for a total value of $154,224.00. Following the completion of the transaction, the director now directly owns 338,810 shares of the company’s stock, valued at $8,294,068.80. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of ALEX traded down $0.04 during trading hours on Friday, hitting $23.69. The stock had a trading volume of 156,104 shares, compared to its average volume of 305,313. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.74 and a current ratio of 2.74. Alexander & Baldwin Inc has a 1-year low of $17.58 and a 1-year high of $25.69.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Monday, March 11th were paid a dividend of $0.145 per share. The ex-dividend date was Friday, March 8th. This represents a $0.58 dividend on an annualized basis and a yield of 2.45%. This is an increase from Alexander & Baldwin’s previous quarterly dividend of $0.07.
A number of hedge funds have recently added to or reduced their stakes in ALEX. Oregon Public Employees Retirement Fund boosted its stake in shares of Alexander & Baldwin by 1,738.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 490,911 shares of the financial services provider’s stock worth $27,000 after buying an additional 464,202 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Alexander & Baldwin by 51.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,647 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 563 shares during the period. Essex Investment Management Co. LLC bought a new stake in shares of Alexander & Baldwin in the 4th quarter worth approximately $61,000. Bank of Montreal Can raised its holdings in shares of Alexander & Baldwin by 159.7% in the 4th quarter. Bank of Montreal Can now owns 4,033 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 2,480 shares during the period. Finally, Dupont Capital Management Corp bought a new stake in shares of Alexander & Baldwin in the 4th quarter worth approximately $124,000. Institutional investors and hedge funds own 79.40% of the company’s stock.
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Alexander & Baldwin Company Profile
Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. A&B is a fully integrated real estate investment trust and owns, operates and manages approximately 3.5 million square feet of primarily retail and industrial space in Hawai`i, and is a major landowner in the state.
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