BT Investment Management Ltd Purchases New Position in Alexander & Baldwin Holdings, Inc. (ALEX)

BT Investment Management Ltd purchased a new position in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 20,900 shares of the financial services provider’s stock, valued at approximately $865,000.

Other hedge funds have also modified their holdings of the company. IFP Advisors Inc lifted its stake in shares of Alexander & Baldwin Holdings by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 2,606 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 26 shares during the last quarter. Neuburgh Advisers LLC raised its position in Alexander & Baldwin Holdings by 14.6% during the 1st quarter. Neuburgh Advisers LLC now owns 3,196 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 408 shares in the last quarter. LS Investment Advisors LLC raised its position in Alexander & Baldwin Holdings by 17.6% during the 2nd quarter. LS Investment Advisors LLC now owns 3,673 shares of the financial services provider’s stock valued at $152,000 after purchasing an additional 550 shares in the last quarter. Riverhead Capital Management LLC raised its position in Alexander & Baldwin Holdings by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,830 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,530 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new stake in Alexander & Baldwin Holdings during the 1st quarter valued at $211,000. 74.17% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub raised Alexander & Baldwin Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th.

Shares of Alexander & Baldwin Holdings, Inc. (NYSE ALEX) opened at 44.94 on Wednesday. The firm’s 50-day moving average price is $43.50 and its 200-day moving average price is $42.99. Alexander & Baldwin Holdings, Inc. has a 12 month low of $36.98 and a 12 month high of $46.87. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 228.12 and a beta of 1.44.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Monday, August 7th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.28 annualized dividend and a dividend yield of 0.62%. Alexander & Baldwin Holdings’s dividend payout ratio is currently 133.33%.

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In other news, Director Stanley M. Kuriyama sold 4,250 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $43.70, for a total transaction of $185,725.00. Following the completion of the transaction, the director now directly owns 251,633 shares in the company, valued at $10,996,362.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last 90 days, insiders have sold 12,750 shares of company stock valued at $547,825. 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.

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

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