Russell Investments Group Ltd. lessened its holdings in shares of Alexander & Baldwin Inc (NYSE:ALEX) by 44.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,922 shares of the financial services provider’s stock after selling 48,868 shares during the quarter. Russell Investments Group Ltd.’s holdings in Alexander & Baldwin were worth $1,407,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in Alexander & Baldwin during the 2nd quarter valued at approximately $35,000. Rockefeller Capital Management L.P. acquired a new stake in Alexander & Baldwin during the 1st quarter valued at approximately $145,000. SG Americas Securities LLC acquired a new stake in Alexander & Baldwin during the 1st quarter valued at approximately $225,000. Crossmark Global Holdings Inc. grew its stake in Alexander & Baldwin by 6.1% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 10,625 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 608 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Alexander & Baldwin during the 2nd quarter valued at approximately $325,000. Hedge funds and other institutional investors own 76.66% of the company’s stock.
NYSE ALEX traded up $0.10 during mid-day trading on Friday, reaching $24.97. 540,652 shares of the company’s stock traded hands, compared to its average volume of 185,653. Alexander & Baldwin Inc has a 1-year low of $17.58 and a 1-year high of $25.69. The company has a fifty day simple moving average of $23.30 and a 200-day simple moving average of $23.52. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.89 and a quick ratio of 0.89.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 12th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.76 dividend on an annualized basis and a yield of 3.04%.
In other Alexander & Baldwin news, Director W Allen Doane, Jr. sold 8,529 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $22.61, for a total transaction of $192,840.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stanley M. Kuriyama sold 6,300 shares of Alexander & Baldwin stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $22.35, for a total value of $140,805.00. Following the completion of the transaction, the director now owns 325,535 shares of the company’s stock, valued at approximately $7,275,707.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,729 shares of company stock valued at $1,009,483. 6.40% of the stock is owned by 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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