Abundance Wealth Counselors Makes New $286,000 Investment in Alico, Inc. (NASDAQ:ALCO)

Abundance Wealth Counselors acquired a new stake in shares of Alico, Inc. (NASDAQ:ALCO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,021 shares of the company’s stock, valued at approximately $286,000. Abundance Wealth Counselors owned approximately 0.14% of Alico as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in ALCO. Charles Schwab Investment Management Inc. grew its stake in Alico by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company’s stock valued at $537,000 after buying an additional 700 shares during the last quarter. State Street Corp lifted its position in shares of Alico by 2.1% during the 3rd 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. JPMorgan Chase & Co. boosted its stake in Alico by 50.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company’s stock valued at $368,000 after purchasing an additional 4,432 shares during the period. Geode Capital Management LLC grew its holdings in Alico by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 145,535 shares of the company’s stock valued at $4,071,000 after buying an additional 9,366 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Alico by 5.4% during the third quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock worth $442,000 after buying an additional 804 shares during the last quarter. 62.28% of the stock is owned by institutional investors.

Alico Trading Down 1.4 %

Shares of ALCO opened at $30.89 on Friday. The stock’s 50-day moving average price is $28.18 and its 200 day moving average price is $27.57. The company has a quick ratio of 0.99, a current ratio of 3.81 and a debt-to-equity ratio of 0.35. Alico, Inc. has a 12-month low of $24.14 and a 12-month high of $34.08. The firm has a market capitalization of $236.00 million, a price-to-earnings ratio of 33.58 and a beta of 0.80.

Alico Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, December 27th. Alico’s payout ratio is presently 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.