Alico, Inc. (NASDAQ:ALCO) Shares Purchased by Abundance Wealth Counselors

Abundance Wealth Counselors boosted its holdings in Alico, Inc. (NASDAQ:ALCO - Free Report) by 79.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,776 shares of the company's stock after buying an additional 8,755 shares during the quarter. Abundance Wealth Counselors owned approximately 0.26% of Alico worth $590,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. CWA Asset Management Group LLC purchased a new position in shares of Alico during the first quarter worth about $3,232,000. Pacific Ridge Capital Partners LLC grew its holdings in shares of Alico by 39.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 310,977 shares of the company's stock worth $8,064,000 after purchasing an additional 87,521 shares during the last quarter. JCP Investment Management LLC grew its holdings in shares of Alico by 16.0% during the fourth quarter. JCP Investment Management LLC now owns 217,091 shares of the company's stock worth $5,633,000 after purchasing an additional 30,000 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Alico during the fourth quarter worth about $675,000. Finally, Accordant Advisory Group Inc grew its holdings in shares of Alico by 76.8% during the first quarter. Accordant Advisory Group Inc now owns 43,881 shares of the company's stock worth $1,309,000 after purchasing an additional 19,057 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.

Wall Street Analysts Forecast Growth

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

Alico Stock Performance

Shares of ALCO traded up $0.81 during mid-day trading on Monday, hitting $32.06. 124,649 shares of the company's stock were exchanged, compared to its average volume of 40,739. Alico, Inc. has a fifty-two week low of $24.23 and a fifty-two week high of $34.08. The firm has a market capitalization of $244.94 million, a P/E ratio of -1.74 and a beta of 0.99. The business's 50 day moving average is $30.43 and its two-hundred day moving average is $29.49. 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 (NASDAQ:ALCO - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported ($10.98) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($10.62). Alico had a negative return on equity of 41.08% and a negative net margin of 284.75%. The business had revenue of $17.98 million for the quarter, compared to analyst estimates of $22.20 million. On average, equities analysts expect that Alico, Inc. will post -0.37 earnings per share for the current year.

Alico Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, June 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.62%. Alico's dividend payout ratio (DPR) is -1.09%.

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.