130,370 Shares in Alico, Inc. (NASDAQ:ALCO) Bought by Peapod Lane Capital LLC

Peapod Lane Capital LLC acquired a new stake in shares of Alico, Inc. (NASDAQ:ALCO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 130,370 shares of the company’s stock, valued at approximately $3,380,000. Alico comprises 3.4% of Peapod Lane Capital LLC’s portfolio, making the stock its 6th largest holding. Peapod Lane Capital LLC owned approximately 1.71% of Alico as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Alico by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 145,535 shares of the company’s stock worth $4,071,000 after purchasing an additional 9,366 shares during the period. State Street Corp lifted its stake in Alico by 2.1% in the third quarter. State Street Corp now owns 109,974 shares of the company’s stock worth $3,081,000 after purchasing an additional 2,313 shares during the last quarter. Bard Associates Inc. boosted its position in shares of Alico by 1.5% during the third quarter. Bard Associates Inc. now owns 54,684 shares of the company’s stock valued at $1,532,000 after buying an additional 806 shares during the period. Accordant Advisory Group Inc grew its stake in shares of Alico by 49.6% during the third quarter. Accordant Advisory Group Inc now owns 24,657 shares of the company’s stock valued at $690,000 after buying an additional 8,176 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Alico by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company’s stock worth $537,000 after buying an additional 700 shares during the period. Institutional investors own 62.28% of the company’s stock.

Alico Price Performance

Shares of ALCO stock opened at $30.15 on Thursday. The stock has a 50 day moving average price of $28.75 and a 200 day moving average price of $27.74. Alico, Inc. has a 52-week low of $24.14 and a 52-week high of $34.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 3.81. The firm has a market capitalization of $230.35 million, a P/E ratio of 32.77 and a beta of 0.81.

Alico (NASDAQ:ALCO) last released its earnings results on Wednesday, February 12th. The company reported ($1.20) earnings per share for the quarter, missing the consensus estimate of ($0.93) by ($0.27). Alico had a negative return on equity of 6.06% and a net margin of 14.95%. As a group, sell-side analysts predict that Alico, Inc. will post -0.37 earnings per share for the current year.

Alico Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.20 annualized dividend and a yield of 0.66%. Alico’s dividend payout ratio (DPR) is 21.74%.

Alico 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.