Bard Associates Inc. grew its holdings in shares of Alico, Inc. (NASDAQ:ALCO – Free Report) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,684 shares of the company’s stock after buying an additional 806 shares during the period. Bard Associates Inc.’s holdings in Alico were worth $1,532,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of ALCO. EntryPoint Capital LLC purchased a new position in shares of Alico during the first quarter valued at approximately $99,000. BNP Paribas Financial Markets grew its holdings in Alico by 80.1% during the 1st quarter. BNP Paribas Financial Markets now owns 3,582 shares of the company’s stock valued at $105,000 after buying an additional 1,593 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Alico in the first quarter valued at $217,000. Transcend Capital Advisors LLC raised its position in shares of Alico by 7.4% during the 2nd quarter. Transcend Capital Advisors LLC now owns 9,267 shares of the company’s stock valued at $240,000 after buying an additional 640 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Alico by 8.2% in the first quarter. Empowered Funds LLC now owns 13,913 shares of the company’s stock worth $407,000 after purchasing an additional 1,050 shares during the last quarter. 62.28% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Alico to a “sell” rating in a research report on Thursday, August 29th.
Alico Stock Down 1.7 %
Alico stock opened at $25.34 on Friday. Alico, Inc. has a 1-year low of $24.14 and a 1-year high of $31.00. The stock has a market capitalization of $193.09 million, a price-to-earnings ratio of 7.41 and a beta of 0.79. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.67 and a quick ratio of 0.90. The business has a fifty day moving average price of $26.76 and a 200-day moving average price of $26.92.
Alico Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, September 27th. This represents a $0.20 annualized dividend and a yield of 0.79%. Alico’s payout ratio is presently 5.85%.
Alico Company Profile
Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus.
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