Insider Selling: Alexander & Baldwin Inc (NYSE:ALEX) Director Sells 6,300 Shares of Stock

Alexander & Baldwin Inc (NYSE:ALEX) Director Stanley M. Kuriyama sold 6,300 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $23.58, for a total transaction of $148,554.00. Following the completion of the sale, the director now owns 332,510 shares in the company, valued at approximately $7,840,585.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of ALEX stock opened at $23.87 on Friday. Alexander & Baldwin Inc has a 12 month low of $17.58 and a 12 month high of $25.69. The company has a quick ratio of 2.74, a current ratio of 2.64 and a debt-to-equity ratio of 0.67.

Alexander & Baldwin (NYSE:ALEX) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.12 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. The business had revenue of $129.40 million for the quarter, compared to analysts’ expectations of $89.23 million. Alexander & Baldwin had a negative return on equity of 8.56% and a negative net margin of 16.70%. Alexander & Baldwin’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Friday, May 10th will be issued a dividend of $0.165 per share. The ex-dividend date is Thursday, May 9th. This is a positive change from Alexander & Baldwin’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.76%.

Separately, TheStreet raised Alexander & Baldwin from a “d+” rating to a “c-” rating in a report on Tuesday, January 29th.

Hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Investments LP grew its holdings in Alexander & Baldwin by 329.1% in the 4th quarter. Two Sigma Investments LP now owns 92,532 shares of the financial services provider’s stock valued at $1,701,000 after buying an additional 70,969 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Alexander & Baldwin by 27.0% during the 4th quarter. Great West Life Assurance Co. Can now owns 48,522 shares of the financial services provider’s stock worth $835,000 after purchasing an additional 10,322 shares in the last quarter. Fruth Investment Management acquired a new stake in shares of Alexander & Baldwin during the 1st quarter worth $212,000. Peregrine Capital Management LLC grew its holdings in shares of Alexander & Baldwin by 49.4% during the 4th quarter. Peregrine Capital Management LLC now owns 356,151 shares of the financial services provider’s stock worth $6,546,000 after purchasing an additional 117,734 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its holdings in shares of Alexander & Baldwin by 22.1% during the 3rd quarter. MetLife Investment Advisors LLC now owns 88,057 shares of the financial services provider’s stock worth $1,998,000 after purchasing an additional 15,931 shares in the last quarter. 79.76% of the stock is currently owned by hedge funds and other institutional investors.

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About Alexander & Baldwin

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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Insider Buying and Selling by Quarter for Alexander & Baldwin (NYSE:ALEX)

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