First Mercantile Trust Co. acquired a new position in Alexander & Baldwin Inc (NYSE:ALEX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,540 shares of the financial services provider’s stock, valued at approximately $234,000.

Several other large investors have also recently made changes to their positions in ALEX. FMR LLC raised its stake in shares of Alexander & Baldwin by 4.9% in the first quarter. FMR LLC now owns 1,829,958 shares of the financial services provider’s stock worth $46,554,000 after purchasing an additional 86,180 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Alexander & Baldwin by 6.1% during the second quarter. Crossmark Global Holdings Inc. now owns 10,625 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 608 shares during the period. Nisa Investment Advisors LLC grew its holdings in Alexander & Baldwin by 9.3% during the second quarter. Nisa Investment Advisors LLC now owns 24,365 shares of the financial services provider’s stock worth $563,000 after acquiring an additional 2,081 shares during the period. Foundry Partners LLC acquired a new stake in Alexander & Baldwin during the second quarter worth about $438,000. Finally, Legato Capital Management LLC grew its holdings in Alexander & Baldwin by 13.6% during the second quarter. Legato Capital Management LLC now owns 88,056 shares of the financial services provider’s stock worth $2,034,000 after acquiring an additional 10,560 shares during the period. Hedge funds and other institutional investors own 76.72% of the company’s stock.

Alexander & Baldwin stock opened at $22.69 on Friday. Alexander & Baldwin Inc has a 52 week low of $17.58 and a 52 week high of $25.69. The business’s 50-day moving average price is $24.31 and its 200 day moving average price is $23.63. The company has a quick ratio of 0.89, a current ratio of 0.85 and a debt-to-equity ratio of 0.67.

Alexander & Baldwin (NYSE:ALEX) last posted its earnings results on Wednesday, October 30th. The financial services provider reported ($0.69) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.80). The company had revenue of $89.10 million for the quarter, compared to analyst estimates of $103.93 million. Alexander & Baldwin had a negative return on equity of 10.75% and a negative net margin of 28.41%. The firm’s revenue was down 25.4% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.35%. The ex-dividend date is Friday, November 8th.

In related news, Director Stanley M. Kuriyama sold 6,300 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $24.37, for a total transaction of $153,531.00. Following the sale, the director now directly owns 300,335 shares of the company’s stock, valued at $7,319,163.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 18,900 shares of company stock worth $451,206. 6.40% of the stock is owned by corporate insiders.

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

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