Abundance Wealth Counselors Has $590,000 Position in Alico, Inc. (NASDAQ:ALCO)

Abundance Wealth Counselors raised its stake in shares of Alico, Inc. (NASDAQ:ALCO - Free Report) by 79.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,776 shares of the company's stock after buying an additional 8,755 shares during the period. Abundance Wealth Counselors owned about 0.26% of Alico worth $590,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ALCO. Empowered Funds LLC boosted its stake in shares of Alico by 5.1% during the 4th 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 period. Transcend Capital Advisors LLC boosted its stake in shares of Alico by 6.8% during the 4th quarter. Transcend Capital Advisors LLC now owns 10,670 shares of the company's stock valued at $277,000 after buying an additional 684 shares during the period. Bard Associates Inc. boosted its stake in shares of Alico by 6.8% during 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 period. JPMorgan Chase & Co. boosted its stake in shares of Alico by 125.8% during the 4th quarter. JPMorgan Chase & Co. now owns 29,670 shares of the company's stock valued at $769,000 after buying an additional 16,530 shares during the period. Finally, Pacific Ridge Capital Partners LLC boosted its stake in shares of Alico by 39.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 310,977 shares of the company's stock valued at $8,064,000 after buying an additional 87,521 shares during the period. Institutional investors and hedge funds own 62.28% of the company's stock.

Alico Stock Up 0.0%

ALCO stock opened at $31.38 on Friday. The company has a current ratio of 5.56, a quick ratio of 4.65 and a debt-to-equity ratio of 0.65. Alico, Inc. has a 1 year low of $24.20 and a 1 year high of $34.08. The company has a fifty day simple moving average of $30.32 and a 200 day simple moving average of $29.40. The firm has a market cap of $239.74 million, a PE ratio of -1.70 and a beta of 0.99.

Alico (NASDAQ:ALCO - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($10.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($10.62). Alico had a negative net margin of 284.75% and a negative return on equity of 41.08%. The business had revenue of $17.98 million during the quarter, compared to analyst estimates of $22.20 million. Sell-side analysts anticipate that Alico, Inc. will post -0.37 EPS for the current fiscal year.

Alico Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Friday, June 27th. Alico's payout ratio is presently -1.09%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Alico from a "hold" rating to a "strong sell" rating in a research note on Thursday, May 22nd.

About Alico

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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