DOLE 10% Owner Pale Fire Capital SE Buys $76K of Stock

Pale Fire Capital SE has bought 5,700 shares of Dole plc (NYSE: DOLE) for about $75,721 on October 12, 2026. This purchase adds to Pale Fire's existing holdings, which now total approximately 9.4 million shares of the company.

Inside Pale Fire Capital's Trade

Pale Fire Capital, a beneficial owner of more than 10% of Dole's shares, completed this purchase at an average price of $13.28 per share. The transaction occurred on the same day as the filing, and the total value of this trade was $75,721. This move shows Pale Fire's continued confidence in Dole's performance and strategy.

Other Institutional Activity in Dole plc

In addition to Pale Fire Capital, several other institutional investors have positions in Dole. Dimensional Fund Advisors LP increased its stake by 254,461 shares, bringing its total to about 5.2 million shares worth around $69.9 million. BlackRock Inc. added 982,237 shares, ending with approximately 5.2 million shares valued at about $69.8 million. Meanwhile, River Road Asset Management, LLC trimmed its position by 135,216 shares, now holding 4.6 million shares valued at about $60.6 million. Victory Capital Management Inc. also reduced its holdings by 589,733 shares, totaling about 4.4 million shares worth around $58.5 million.

Dole plc Stock Down 0.2%

Currently, Dole plc shares are trading at approximately $13.38, which is above the 50-day moving average of $13.29 but below the 200-day average of $14.37. The stock is also about 19.3% below its 52-week high of $16.57 and 6.9% above its 52-week low of $12.52. Dole's shares have a mean price target of $17.44, suggesting that there is room for potential growth based on analysts' expectations.

Recent Earnings

Dole plc reported trailing twelve-month revenue of approximately $9.49 billion, with an earnings per share (EPS) of $0.74. The company has a net margin of 0.6% and a return on equity (ROE) of 6.9%. The next earnings report is scheduled for November 9, 2026, which may provide further insights into the company’s financial performance.

Insider Buying and Selling at Dole plc

On October 12, 2026, Pale Fire Capital SE, acting as a beneficial owner, bought 5,700 shares at an average price of $13.28, totaling about $75,721. This purchase reflects Pale Fire's commitment to its investment in Dole plc.

Analysts Set New Price Targets

However, the consensus mean price target stands at $17.44 based on four analyst opinions, indicating a potential upside from the current trading level.

About Dole plc

Dole plc is a global leader in sourcing, producing, and distributing fresh fruits and vegetables. The company operates through three main segments: Fresh Fruit, Diversified Fresh Produce - EMEA, and Diversified Fresh Produce - Americas and ROW. Dole offers a wide range of products including bananas, pineapples, avocados, and various other fruits and vegetables sold through various channels.

Bottom Line

Pale Fire Capital's recent purchase of Dole shares highlights its ongoing investment strategy in the company. Investors will be looking ahead to the upcoming earnings report on November 9, 2026, for more information on Dole's financial health. As of now, the stock is showing some strength, trading above its 50-day average but below its 200-day average.