Public Employees Retirement Association of Colorado grew its stake in shares of Alexander & Baldwin (NYSE:ALEX) by 42.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,376 shares of the financial services provider’s stock after buying an additional 4,549 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Alexander & Baldwin were worth $356,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elkfork Partners LLC purchased a new stake in Alexander & Baldwin during the 4th quarter worth $135,000. Schroder Investment Management Group purchased a new stake in Alexander & Baldwin during the 4th quarter worth $158,000. Hanson McClain Inc. boosted its position in Alexander & Baldwin by 42.0% during the 1st quarter. Hanson McClain Inc. now owns 7,499 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 2,219 shares during the period. Daiwa Securities Group Inc. boosted its position in Alexander & Baldwin by 81.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 8,717 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 3,917 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Alexander & Baldwin by 59.9% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,770 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 4,035 shares during the period. 72.55% of the stock is owned by institutional investors.
In other Alexander & Baldwin news, Director Stanley M. Kuriyama sold 6,300 shares of the business’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $22.57, for a total value of $142,191.00. Following the transaction, the director now owns 394,139 shares in the company, valued at approximately $8,895,717.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David C. Hulihee sold 8,101 shares of the business’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $22.56, for a total transaction of $182,758.56. Following the completion of the transaction, the director now owns 971,117 shares in the company, valued at approximately $21,908,399.52. The disclosure for this sale can be found here. Insiders sold a total of 37,604 shares of company stock worth $850,545 in the last quarter. 6.70% of the stock is currently owned by company insiders.
Shares of Alexander & Baldwin opened at $21.04 on Tuesday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.35 and a quick ratio of 1.35. Alexander & Baldwin has a twelve month low of $20.83 and a twelve month high of $46.96.
Alexander & Baldwin (NYSE:ALEX) last announced its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $0.19 earnings per share for the quarter. Alexander & Baldwin had a net margin of 60.48% and a return on equity of 6.56%. The firm had revenue of $122.70 million during the quarter.
Separately, JMP Securities raised shares of Alexander & Baldwin from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 20th.
Alexander & Baldwin Profile
Alexander & Baldwin, Inc engages in the provision of real estate business. It operates through the following segments: Commercial Real Estate, Land Operations, and Materials and Construction. The Commercial Real Estate segment includes leasing, property management, redevelopment-for-hold activities. The Land Operations segment consists of planning, zoning, financing, construction, purchasing, managing, selling, and investment in real property; leasing agricultural land; generating energy from renewable sources and developing and managing diversified agribusiness operations.
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