Dimensional Fund Advisors LP Sells 9,472 Shares of Alico, Inc. (NASDAQ:ALCO)

Dimensional Fund Advisors LP cut its stake in shares of Alico, Inc. (NASDAQ:ALCO - Free Report) by 2.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 421,738 shares of the company's stock after selling 9,472 shares during the period. Dimensional Fund Advisors LP owned about 5.52% of Alico worth $10,935,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ALCO. Pacific Ridge Capital Partners LLC lifted its position in shares of Alico by 39.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 310,977 shares of the company's stock worth $8,064,000 after buying an additional 87,521 shares during the last quarter. Peapod Lane Capital LLC acquired a new position in shares of Alico during the 4th quarter worth about $3,380,000. Bard Associates Inc. grew its holdings in Alico by 6.8% in the 4th quarter. Bard Associates Inc. now owns 58,429 shares of the company's stock valued at $1,518,000 after buying an additional 3,745 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Alico by 125.8% during the fourth quarter. JPMorgan Chase & Co. now owns 29,670 shares of the company's stock worth $769,000 after buying an additional 16,530 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Alico by 5.1% during the fourth quarter. Empowered Funds LLC now owns 16,607 shares of the company's stock valued at $431,000 after buying an additional 810 shares during the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Alico to a "sell" rating in a research report on Friday, February 14th.

Alico Trading Up 0.5%

Shares of NASDAQ ALCO traded up $0.15 during midday trading on Thursday, hitting $30.76. The stock had a trading volume of 2,190 shares, compared to its average volume of 39,718. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.84 and a quick ratio of 2.37. Alico, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $34.08. The firm has a market cap of $234.94 million, a P/E ratio of -5.17 and a beta of 0.98. The company's 50-day simple moving average is $29.10 and its 200 day simple moving average is $28.38.

Alico (NASDAQ:ALCO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($10.98) earnings per share for the quarter, missing analysts' consensus estimates of ($0.36) by ($10.62). The company had revenue of $17.98 million during the quarter, compared to the consensus estimate of $22.20 million. Alico had a negative net margin of 91.09% and a negative return on equity of 3.01%. Research analysts anticipate that Alico, Inc. will post -0.37 EPS for the current year.

Alico Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.65%. Alico's payout ratio is -3.38%.

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.