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

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Alexander & Baldwin Inc (NYSE:ALEX) Director Stanley M. Kuriyama sold 6,300 shares of Alexander & Baldwin stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $22.96, for a total value of $144,648.00. Following the completion of the transaction, the director now directly owns 368,639 shares of the company’s stock, valued at $8,463,951.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

NYSE ALEX traded down $0.23 during trading on Friday, hitting $23.15. The stock had a trading volume of 212,769 shares, compared to its average volume of 211,375. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Alexander & Baldwin Inc has a twelve month low of $20.83 and a twelve month high of $46.96.

Alexander & Baldwin (NYSE:ALEX) last released its earnings results on Thursday, August 2nd. The financial services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.09). Alexander & Baldwin had a net margin of 58.20% and a return on equity of 6.28%. The firm had revenue of $112.10 million during the quarter, compared to analyst estimates of $99.93 million. During the same period in the prior year, the firm earned $0.09 earnings per share. The business’s revenue was up 14.3% compared to the same quarter last year.

Several institutional investors have recently made changes to their positions in ALEX. Wells Fargo & Company MN grew its position in shares of Alexander & Baldwin by 25.1% during the first quarter. Wells Fargo & Company MN now owns 234,082 shares of the financial services provider’s stock worth $5,415,000 after buying an additional 47,022 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Alexander & Baldwin by 81.6% during the first quarter. Daiwa Securities Group Inc. now owns 8,717 shares of the financial services provider’s stock worth $202,000 after buying an additional 3,917 shares in the last quarter. Rhumbline Advisers grew its position in shares of Alexander & Baldwin by 30.0% during the first quarter. Rhumbline Advisers now owns 125,066 shares of the financial services provider’s stock worth $2,893,000 after buying an additional 28,876 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Alexander & Baldwin by 59.9% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,770 shares of the financial services provider’s stock worth $249,000 after buying an additional 4,035 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado grew its position in shares of Alexander & Baldwin by 42.0% during the first quarter. Public Employees Retirement Association of Colorado now owns 15,376 shares of the financial services provider’s stock worth $356,000 after buying an additional 4,549 shares in the last quarter. 74.94% of the stock is owned by institutional investors and hedge funds.

Separately, TheStreet downgraded Alexander & Baldwin from a “c” rating to a “d+” rating in a research report on Monday, August 6th.

About Alexander & Baldwin

Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. With a portfolio of approximately 87,000 acres in Hawai`i, A&B is the state's fourth largest private landowner. A&B is a fully integrated real estate investment trust and owns, operates and manages 3.3 million square feet of primarily retail and industrial space in Hawai`i.

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