EntryPoint Capital LLC Raises Stock Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

EntryPoint Capital LLC boosted its position in Alexander & Baldwin, Inc. (NYSE:ALEX) by 151.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,635 shares of the financial services provider’s stock after purchasing an additional 22,069 shares during the quarter. EntryPoint Capital LLC’s holdings in Alexander & Baldwin were worth $650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of ALEX. Smartleaf Asset Management LLC raised its position in shares of Alexander & Baldwin by 284.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,239 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Alexander & Baldwin by 90.0% in the 4th quarter. Versant Capital Management Inc now owns 2,183 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 1,034 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Alexander & Baldwin by 19.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,447 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 572 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Alexander & Baldwin during the 3rd quarter valued at about $79,000. Finally, Wealthfront Advisers LLC purchased a new position in shares of Alexander & Baldwin during the fourth quarter worth about $112,000. 91.29% of the stock is owned by institutional investors.

Alexander & Baldwin Stock Up 1.0 %

NYSE:ALEX opened at $17.30 on Tuesday. The firm has a 50-day simple moving average of $17.76 and a two-hundred day simple moving average of $18.45. The firm has a market cap of $1.26 billion, a P/E ratio of 27.91 and a beta of 1.27. Alexander & Baldwin, Inc. has a fifty-two week low of $15.53 and a fifty-two week high of $20.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35.

Alexander & Baldwin (NYSE:ALEX) last announced its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.15. Alexander & Baldwin had a net margin of 19.64% and a return on equity of 5.93%. The company had revenue of $62.45 million during the quarter, compared to analyst estimates of $49.68 million. Analysts predict that Alexander & Baldwin, Inc. will post 1.35 earnings per share for the current fiscal year.

Alexander & Baldwin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Friday, March 14th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Alexander & Baldwin’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a dividend yield of 5.20%. Alexander & Baldwin’s dividend payout ratio (DPR) is 107.14%.

Analysts Set New Price Targets

ALEX has been the subject of several analyst reports. JMP Securities restated a “market perform” rating on shares of Alexander & Baldwin in a research report on Monday, January 6th. StockNews.com cut Alexander & Baldwin from a “buy” rating to a “hold” rating in a research note on Sunday, March 16th. Finally, Piper Sandler upped their price target on Alexander & Baldwin from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company’s simplification and monetization effort.