Karp Capital Management Corp Invests $743,000 in Alexander & Baldwin Holdings, Inc. (ALEX)

Karp Capital Management Corp acquired a new position in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) during the first quarter, Holdings Channel reports. The fund acquired 16,700 shares of the financial services provider’s stock, valued at approximately $743,000.

A number of other large investors have also recently modified their holdings of the stock. First Midwest Bank Trust Division boosted its stake in shares of Alexander & Baldwin Holdings by 2.9% in the first quarter. First Midwest Bank Trust Division now owns 9,540 shares of the financial services provider’s stock worth $425,000 after buying an additional 267 shares in the last quarter. Keybank National Association OH boosted its stake in shares of Alexander & Baldwin Holdings by 30.0% in the fourth quarter. Keybank National Association OH now owns 26,200 shares of the financial services provider’s stock worth $1,176,000 after buying an additional 6,039 shares in the last quarter. Arrowpoint Asset Management LLC boosted its stake in shares of Alexander & Baldwin Holdings by 4.7% in the fourth quarter. Arrowpoint Asset Management LLC now owns 446,677 shares of the financial services provider’s stock worth $20,042,000 after buying an additional 20,000 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Alexander & Baldwin Holdings by 29.0% in the fourth quarter. GSA Capital Partners LLP now owns 27,100 shares of the financial services provider’s stock worth $1,216,000 after buying an additional 6,100 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of Alexander & Baldwin Holdings by 1.2% in the first quarter. Nationwide Fund Advisors now owns 117,402 shares of the financial services provider’s stock worth $5,227,000 after buying an additional 1,420 shares in the last quarter. Institutional investors own 75.72% of the company’s stock.

Institutional Ownership by Quarter for Alexander & Baldwin Holdings (NYSE:ALEX)

Alexander & Baldwin Holdings, Inc. (ALEX) opened at 41.76 on Friday. Alexander & Baldwin Holdings, Inc. has a 12-month low of $34.78 and a 12-month high of $46.87. The stock has a 50 day moving average price of $42.02 and a 200-day moving average price of $43.84. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 435.00 and a beta of 1.43.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 8th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Thursday, May 4th. Alexander & Baldwin Holdings’s dividend payout ratio (DPR) is 254.55%.

ILLEGAL ACTIVITY WARNING: “Karp Capital Management Corp Invests $743,000 in Alexander & Baldwin Holdings, Inc. (ALEX)” was first published by WKRB News and is owned by of WKRB News. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.wkrb13.com/markets/2229743/karp-capital-management-corp-invests-743000-in-alexander-baldwin-holdings-inc-alex.html.

A number of equities research analysts have weighed in on ALEX shares. Evercore ISI reiterated an “outperform” rating and issued a $50.00 price objective on shares of Alexander & Baldwin Holdings in a research note on Thursday, March 30th. TheStreet upgraded Alexander & Baldwin Holdings from a “c” rating to a “b-” rating in a research note on Tuesday, February 28th.

In related news, Director Stanley M. Kuriyama sold 4,250 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $41.93, for a total value of $178,202.50. Following the sale, the director now owns 268,633 shares of the company’s stock, valued at approximately $11,263,781.69. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders sold 12,750 shares of company stock worth $534,480. Company insiders own 7.60% of the company’s stock.

Alexander & Baldwin Holdings 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.

Want to see what other hedge funds are holding ALEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexander & Baldwin Holdings, Inc. (NYSE:ALEX).

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2229743/karp-capital-management-corp-invests-743000-in-alexander-baldwin-holdings-inc-alex.html

Receive News & Ratings for Alexander & Baldwin Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexander & Baldwin Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.