TSP Capital Maintains 1.2M Shares in Maui Land & Pineapple
Ticker: MLP · Form: SC 13G/A · Filed: Jan 11, 2024 · CIK: 63330
| Field | Detail |
|---|---|
| Company | Maui Land & Pineapple Co Inc (MLP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 11, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**TSP Capital still holds over 1.2 million shares of Maui Land & Pineapple.**
AI Summary
TSP Capital Management Group, LLC, a Delaware-based investment firm, filed an amended SC 13G/A on January 11, 2024, disclosing its beneficial ownership in Maui Land & Pineapple Company, Inc. As of December 31, 2023, TSP Capital Management Group holds sole dispositive power over 1,228,029 shares of Maui Land & Pineapple's common stock. This filing indicates a significant, though not controlling, stake in the company, which is important for investors as it shows a major institutional investor's continued interest and position in the stock.
Why It Matters
This filing confirms a major institutional investor's continued significant stake in Maui Land & Pineapple, signaling their ongoing confidence or strategic interest in the company's future.
Risk Assessment
Risk Level: low — This is an amendment to a passive ownership filing, indicating no immediate change in control or hostile intent, thus posing low risk.
Analyst Insight
Investors should note that a significant institutional holder, TSP Capital Management Group, LLC, continues to hold a substantial, passive stake in Maui Land & Pineapple, which could be seen as a vote of confidence, but does not suggest any immediate strategic changes or activist intentions.
Key Numbers
- 1,228,029 — Shares Beneficially Owned (Represents the total number of shares TSP Capital Management Group, LLC has sole dispositive power over as of December 31, 2023.)
- December 31, 2023 — Date of Event (The date on which the beneficial ownership was determined for this filing.)
Key Players & Entities
- TSP Capital Management Group, LLC (company) — the reporting person beneficially owning shares
- Maui Land & Pineapple Company, Inc. (company) — the issuer of the securities
- Delaware (company) — place of organization for TSP Capital Management Group, LLC
- 1,228,029 (dollar_amount) — number of shares with sole dispositive power
Forward-Looking Statements
- TSP Capital Management Group, LLC will maintain a significant, passive stake in Maui Land & Pineapple Company, Inc. for the foreseeable future. (TSP Capital Management Group, LLC) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 10) to a Schedule 13G, indicating that TSP Capital Management Group, LLC is updating its previously reported beneficial ownership of Maui Land & Pineapple Company, Inc. common stock, as required by Rule 13d-1(b).
Who is the reporting person in this filing?
The reporting person is TSP Capital Management Group, LLC, a company organized in Delaware, United States, with a business address at 382 Springfield Avenue, Suite 500, Summit, NJ 07901.
How many shares of Maui Land & Pineapple Company, Inc. does TSP Capital Management Group, LLC beneficially own?
As of December 31, 2023, TSP Capital Management Group, LLC beneficially owns 1,228,029 shares of Maui Land & Pineapple Company, Inc. common stock, over which it has sole dispositive power.
What type of voting and dispositive power does TSP Capital Management Group, LLC have over these shares?
TSP Capital Management Group, LLC has sole dispositive power over 1,228,029 shares. The filing indicates they have 0 shares with sole voting power and 0 shares with shared voting power, as well as 0 shares with shared dispositive power.
What is the CUSIP number for Maui Land & Pineapple Company, Inc. common stock?
The CUSIP number for Maui Land & Pineapple Company, Inc. common stock is 577345101.
Filing Stats: 831 words · 3 min read · ~3 pages · Grade level 8.9 · Accepted 2024-01-11 09:13:53
Key Financial Figures
- $0.0001 — Inc. (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securiti
Filing Documents
- tsp-mlp123123a10.htm (SC 13G/A) — 51KB
- 0001172661-24-000197.txt ( ) — 52KB
(a)Name of Issuer
Item 1. (a)Name of Issuer Maui Land & Pineapple Company, Inc. (b)Address of Issuer’s Principal Executive Offices 200 Village Road Lahaina, Maui, Hawaii 96761
(a)Name of Person Filing
Item 2. (a)Name of Person Filing TSP Capital Management Group, LLC (b)Address of Principal Business Office, or, if none, Residence 382 Springfield Avenue, Suite 500 Summit, NJ 07901 (c)Citizenship Please refer to Item 4 on the cover sheet for each Reporting Person (d)Title of Class of Securities Common Stock, $0.0001 par value (e) CUSIP No.: 577345101 CUSIP No. 577345101 SCHEDULE 13G/A Page 4 of 6 Pages
If
Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 577345101 SCHEDULE 13G/A Page 5 of 6 Pages Item 4.Ownership Please see Items 5 - 9 and 11 on each cover sheet for each Reporting Person. Item 5.Ownership of Five Percent or Less of a Class Not Applicable Item 6.Ownership of More Than Five Percent on Behalf of Another Person Not Applicable Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person Not Applicable Item 8. Identification and Classification of Members of the Group Not Applicable Item 9. Notice of Dissolution of Group Not Applicable Item 10. Certification By signing below I certify that, to the best of my knowledge and belief,