Alexander & Baldwin Inc (ALEX) Director Stanley M. Kuriyama Sells 6,300 Shares

Alexander & Baldwin Inc (NYSE:ALEX) Director Stanley M. Kuriyama sold 6,300 shares of the stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $24.30, for a total value of $153,090.00. Following the completion of the transaction, the director now directly owns 400,439 shares of the company’s stock, valued at $9,730,667.70. The sale was disclosed in a filing with the SEC, which is available at this link.

NYSE:ALEX opened at $23.01 on Friday. Alexander & Baldwin Inc has a 12-month low of $21.78 and a 12-month high of $46.96. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.97.

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Alexander & Baldwin (NYSE:ALEX) last posted its earnings results on Wednesday, February 28th. The financial services provider reported $0.19 earnings per share for the quarter. The firm had revenue of $122.70 million for the quarter. Alexander & Baldwin had a return on equity of 2.92% and a net margin of 53.70%.

Separately, JMP Securities raised Alexander & Baldwin from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 20th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Moody Aldrich Partners LLC increased its position in shares of Alexander & Baldwin by 14.8% in the third quarter. Moody Aldrich Partners LLC now owns 16,842 shares of the financial services provider’s stock valued at $780,000 after acquiring an additional 2,167 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Alexander & Baldwin by 2.4% in the third quarter. Ameriprise Financial Inc. now owns 132,722 shares of the financial services provider’s stock valued at $6,149,000 after acquiring an additional 3,165 shares during the last quarter. American International Group Inc. increased its position in shares of Alexander & Baldwin by 2.8% in the third quarter. American International Group Inc. now owns 125,871 shares of the financial services provider’s stock valued at $5,832,000 after acquiring an additional 3,413 shares during the last quarter. Comerica Bank increased its position in shares of Alexander & Baldwin by 1.7% in the fourth quarter. Comerica Bank now owns 216,668 shares of the financial services provider’s stock valued at $6,316,000 after acquiring an additional 3,558 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Alexander & Baldwin by 10.0% in the third quarter. Legal & General Group Plc now owns 39,357 shares of the financial services provider’s stock valued at $1,824,000 after acquiring an additional 3,582 shares during the last quarter. 54.70% of the stock is currently owned by hedge funds and other institutional investors.

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Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc (A&B) is a real estate company. The Company operates through three segments: Commercial Real Estate, Land Operations, and Materials and Construction. In addition to its 15 retail centers in Hawaii, the Company owned seven industrial assets, seven office properties and a portfolio of urban ground leases comprising 106 acres in Hawaii, as of December 31, 2016.

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

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