MAUI LAND & PINEAPPLE CO INC Director Buys 320 Shares at $17/Share

Maui Land & Pineapple Company, Inc. (MLP) has announced that Director and 10% Owner Stephen M. Case has purchased 320 shares at a price of $17 per share on August 27, 2025.

Title: Maui Land & Pineapple Company Director Stephen Case Purchases Additional Shares

Maui Land & Pineapple Company, Inc. (MLP) has announced that Director and 10% owner Stephen M. Case has purchased 320 shares at a price of $17 per share on August 27, 2025.

Stephen Case, an independent director at Maui Land & Pineapple Company, has recently added to his stake in the company by purchasing 320 shares at $17 per share. This latest purchase, made on August 27, 2025, comes on the heels of a significant insider transaction in August 2025, where Case bought 2,700 shares at $16.47 per share [3].

The latest purchase by Case, valued at $5,440, is a relatively small addition to his existing holdings. However, it indicates a positive outlook on the company's future prospects. As of the latest purchase, Case now owns approximately 11.93 million shares, valued at around $192.65 million, based on the recent share price [4].

Maui Land & Pineapple Company reported a net loss of $1 million for the second quarter of 2025, an improvement from the $1.9 million loss in the same period last year. The company's revenues surged by 74% year over year, driven by strong leasing revenues and contributions from the Honokeana Homes Relief Housing Project. However, the net loss was largely driven by a $7.5 million pension settlement expense. The company expects a non-cash gain related to pension plan termination in the third quarter, which will help offset these expenses [1].

Despite the company's financial performance, the recent insider buying suggests a bullish outlook. Insiders hold 62% of the company's shares, valued at approximately $209 million based on the recent share price, indicating a strong alignment of interests between management and other shareholders [1].

Meanwhile, the company faces operational challenges due to a dispute over the water delivery system to Kapalua Resort, one of its major properties. The resort is shutting down for two months to address water scarcity issues, raising concerns about its ability to host The Sentry, a signature event on the PGA Tour, in 2026 [2].

Overall, while the recent insider buying and the company's financial performance suggest a positive outlook, investors should also be mindful of the risks and closely monitor the company's financial health and operational challenges.

References:
- [1] https://www.ainvest.com/news/maui-land-pineapple-company-insider-buys-82k-worth-stock-2508/
- [2] https://sports.yahoo.com/article/trouble-paradise-kapalua-close-dying-000241246.html
- [3] https://www.tipranks.com/news/insider-trading/director-makes-bold-move-with-maui-land-pineapple-stock-purchase-insider-trading-2
- [4] https://www.marketbeat.com/instant-alerts/stephen-case-buys-2500-shares-of-maui-land-pineapple-nysemlp-stock-2025-08-25/