Transcend Capital Advisors LLC Has $277,000 Stake in Alico, Inc. (NASDAQ:ALCO)

Transcend Capital Advisors LLC raised its position in Alico, Inc. (NASDAQ:ALCO) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,670 shares of the company’s stock after purchasing an additional 684 shares during the quarter. Transcend Capital Advisors LLC owned 0.14% of Alico worth $277,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ALCO. Peapod Lane Capital LLC acquired a new stake in shares of Alico in the 4th quarter valued at about $3,380,000. Abundance Wealth Counselors acquired a new stake in shares of Alico in the 4th quarter valued at about $286,000. Geode Capital Management LLC raised its stake in shares of 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 purchasing an additional 9,366 shares during the period. Harbor Advisors LLC acquired a new stake in shares of Alico in the 3rd quarter valued at about $215,000. Finally, Barclays PLC raised its stake in shares of Alico by 229.2% in the 3rd quarter. Barclays PLC now owns 9,336 shares of the company’s stock valued at $261,000 after purchasing an additional 6,500 shares during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

Alico Trading Up 0.7 %

Alico stock opened at $29.75 on Monday. 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 0.42, a quick ratio of 2.37 and a current ratio of 4.84. The stock has a market capitalization of $227.23 million, a P/E ratio of -5.03 and a beta of 0.81. The stock has a 50-day simple moving average of $29.16 and a 200 day simple moving average of $27.80.

Alico (NASDAQ:ALCO) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($1.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.93) by ($0.27). Alico had a negative return on equity of 3.01% and a negative net margin of 91.09%. Analysts expect that Alico, Inc. will post -0.37 earnings per share for the current year.

Alico Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Friday, December 27th. Alico’s payout ratio is currently -3.38%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Alico to a “sell” rating in a report on Friday, February 14th.

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.