Accordant Advisory Group Inc Acquires 26,688 Shares of Alico, Inc. $ALCO

Key Points

• Accordant Advisory Group increased its Alico stake by 39.4%, buying 26,688 shares to own 94,411 shares (1.23% of Alico) worth $3.435 million, with Alico representing 2.4% of Accordant’s portfolio (its 13th largest position).
• Other institutions are also adding exposure—Gate City Capital notably boosted its position—leaving 62.28% institutional ownership; analysts have a consensus “Hold” rating with an average target of $42 versus Alico trading around $44.34.
• Alico reported a large quarterly EPS miss (‑$0.96 vs. est. ‑$0.04) and negative margins/ROE, but the company declared a quarterly dividend of $0.05 per share (annualized yield ~0.5%).

Accordant Advisory Group Inc lifted its holdings in shares of Alico, Inc. (NASDAQ:ALCO - Free Report) by 39.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,411 shares of the company's stock after purchasing an additional 26,688 shares during the quarter. Alico accounts for 2.4% of Accordant Advisory Group Inc's holdings, making the stock its 13th largest position. Accordant Advisory Group Inc owned 1.23% of Alico worth $3,435,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ALCO. Gate City Capital Management LLC increased its holdings in shares of Alico by 28.2% during the second quarter. Gate City Capital Management LLC now owns 1,126,553 shares of the company's stock worth $36,816,000 after purchasing an additional 248,136 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in shares of Alico during the 3rd quarter worth approximately $648,000. Jane Street Group LLC acquired a new stake in shares of Alico during the 2nd quarter worth approximately $439,000. American Century Companies Inc. acquired a new stake in shares of Alico during the 2nd quarter worth approximately $332,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of Alico during the 3rd quarter worth approximately $224,000. 62.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on ALCO shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Alico in a research report on Wednesday, January 21st. Wall Street Zen lowered shares of Alico from a "hold" rating to a "sell" rating in a research report on Sunday, March 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Alico has a consensus rating of "Hold" and an average target price of $42.00.

Alico Stock Performance

Shares of Alico stock opened at $44.34 on Friday. Alico, Inc. has a fifty-two week low of $27.61 and a fifty-two week high of $45.01. The company has a debt-to-equity ratio of 0.82, a current ratio of 14.39 and a quick ratio of 13.02. The firm has a market capitalization of $339.51 million, a P/E ratio of -2.39 and a beta of 1.00. The company's 50 day moving average price is $40.67 and its two-hundred day moving average price is $37.34.

Alico (NASDAQ:ALCO - Get Free Report) last issued its earnings results on Wednesday, February 4th. The company reported ($0.96) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.92). The company had revenue of $1.89 million during the quarter, compared to analyst estimates of $3.22 million. Alico had a negative net margin of 487.45% and a negative return on equity of 101.66%. On average, equities analysts forecast that Alico, Inc. will post -0.37 earnings per share for the current fiscal year.

Alico Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Friday, April 3rd will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. Alico's dividend payout ratio (DPR) is presently -1.08%.

Alico Company Profile

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.

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