Rhumbline Advisers raised its holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 9.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 110,748 shares of the financial services provider’s stock after buying an additional 9,225 shares during the quarter. Rhumbline Advisers owned about 0.23% of Alexander & Baldwin worth $5,131,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. Retirement Systems of Alabama raised its stake in Alexander & Baldwin by 141.2% in the third quarter. Retirement Systems of Alabama now owns 143,626 shares of the financial services provider’s stock valued at $6,654,000 after buying an additional 84,068 shares during the last quarter. River Road Asset Management LLC raised its stake in Alexander & Baldwin by 33.9% in the third quarter. River Road Asset Management LLC now owns 32,285 shares of the financial services provider’s stock valued at $1,496,000 after buying an additional 8,180 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in Alexander & Baldwin in the third quarter valued at about $208,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in Alexander & Baldwin in the third quarter valued at about $312,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Alexander & Baldwin in the third quarter valued at about $208,000. Institutional investors own 77.84% of the company’s stock.
In other news, Director Stanley M. Kuriyama sold 4,250 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $46.67, for a total value of $198,347.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 12,750 shares of company stock valued at $569,203. Company insiders own 7.60% of the company’s stock.
Alexander & Baldwin Holdings, Inc. (NYSE ALEX) traded up $0.05 during trading on Friday, reaching $29.12. The company’s stock had a trading volume of 293,237 shares, compared to its average volume of 308,632. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 0.69. Alexander & Baldwin Holdings, Inc. has a 52 week low of $28.51 and a 52 week high of $46.96. The stock has a market capitalization of $1,432.01, a PE ratio of 29.71 and a beta of 1.45.
The firm also recently declared a special dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Wednesday, November 29th will be paid a $15.92 dividend. The ex-dividend date is Tuesday, November 28th. This is a boost from Alexander & Baldwin’s previous special dividend of $0.04. Alexander & Baldwin’s dividend payout ratio (DPR) is 75.68%.
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About Alexander & Baldwin
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.
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