Alexander & Baldwin Inc (NYSE:ALEX) CEO Christopher J. Benjamin sold 52,690 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $23.54, for a total transaction of $1,240,322.60. Following the completion of the sale, the chief executive officer now owns 873 shares in the company, valued at $20,550.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Alexander & Baldwin stock traded down $0.05 during midday trading on Friday, hitting $23.58. The company had a trading volume of 7,712 shares, compared to its average volume of 313,262. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.67. Alexander & Baldwin Inc has a 12-month low of $17.58 and a 12-month high of $25.69.
Alexander & Baldwin (NYSE:ALEX) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.12 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. The firm had revenue of $129.40 million during the quarter, compared to analyst estimates of $89.23 million. Alexander & Baldwin had a negative net margin of 16.70% and a negative return on equity of 8.56%. Alexander & Baldwin’s revenue was up 14.2% on a year-over-year basis. During the same period last year, the firm posted $0.66 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 10th were given a $0.165 dividend. This is a positive change from Alexander & Baldwin’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Thursday, May 9th.
Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its position 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 valued at $30,000 after purchasing an additional 563 shares during the last quarter. Pennsylvania Trust Co purchased a new position in Alexander & Baldwin during the 1st quarter worth approximately $2,855,000. Essex Investment Management Co. LLC purchased a new position in Alexander & Baldwin during the 4th quarter worth approximately $61,000. Bank of Montreal Can raised its position in Alexander & Baldwin by 159.7% during the 4th quarter. Bank of Montreal Can now owns 4,033 shares of the financial services provider’s stock worth $74,000 after buying an additional 2,480 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Alexander & Baldwin by 25.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,318 shares of the financial services provider’s stock worth $135,000 after buying an additional 1,065 shares during the last quarter. 79.02% of the stock is owned by hedge funds and other institutional investors.
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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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