Fruth Investment Management acquired a new position in Alexander & Baldwin Inc (NYSE:ALEX) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,368 shares of the financial services provider’s stock, valued at approximately $212,000.
A number of other hedge funds also recently made changes to their positions in the business. Arizona State Retirement System boosted its position in Alexander & Baldwin by 1.1% during the 4th quarter. Arizona State Retirement System now owns 48,595 shares of the financial services provider’s stock valued at $893,000 after buying an additional 524 shares during the period. Public Employees Retirement System of Ohio increased its position in Alexander & Baldwin by 51.9% in the fourth 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 last quarter. Federated Investors Inc. PA increased its position in Alexander & Baldwin by 6.0% in the third quarter. Federated Investors Inc. PA now owns 11,918 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 678 shares during the last quarter. River Road Asset Management LLC boosted its stake in Alexander & Baldwin by 4.5% during the fourth quarter. River Road Asset Management LLC now owns 22,455 shares of the financial services provider’s stock worth $413,000 after buying an additional 962 shares during the period. Finally, Legal & General Group Plc boosted its stake in Alexander & Baldwin by 2.4% during the fourth quarter. Legal & General Group Plc now owns 69,877 shares of the financial services provider’s stock worth $1,284,000 after buying an additional 1,634 shares during the period. 79.40% of the stock is currently owned by institutional investors and hedge funds.
Separately, TheStreet raised shares of Alexander & Baldwin from a “d+” rating to a “c-” rating in a research note on Tuesday, January 29th.
NYSE ALEX opened at $23.85 on Wednesday. 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 52 week low of $17.58 and a 52 week high of $25.69.
The company also recently disclosed 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. This represents a $0.58 annualized dividend and a yield of 2.43%. This is a positive change from Alexander & Baldwin’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Friday, March 8th.
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Alexander & Baldwin 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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