CWA Asset Management Group LLC Acquires New Position in Alico, Inc. (NASDAQ:ALCO)

CWA Asset Management Group LLC bought a new position in shares of Alico, Inc. (NASDAQ:ALCO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 108,325 shares of the company's stock, valued at approximately $3,232,000. CWA Asset Management Group LLC owned 1.42% of Alico at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in ALCO. Empowered Funds LLC grew its holdings in Alico by 5.1% in the fourth quarter. Empowered Funds LLC now owns 16,607 shares of the company's stock valued at $431,000 after purchasing an additional 810 shares during the last quarter. Transcend Capital Advisors LLC increased its holdings in 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 acquiring an additional 684 shares in the last quarter. Bard Associates Inc. increased its holdings in 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 acquiring an additional 3,745 shares in the last quarter. JPMorgan Chase & Co. raised its position in 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 acquiring an additional 16,530 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its holdings 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 valued at $8,064,000 after purchasing an additional 87,521 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Alico Stock Performance

Alico stock opened at $31.38 on Thursday. Alico, Inc. has a fifty-two week low of $24.20 and a fifty-two week high of $34.08. The company has a market capitalization of $239.74 million, a price-to-earnings ratio of -1.70 and a beta of 0.99. The stock has a fifty day moving average of $30.26 and a two-hundred day moving average of $29.36. The company has a debt-to-equity ratio of 0.65, a quick ratio of 4.65 and a current ratio of 5.56.

Alico (NASDAQ:ALCO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($10.98) EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $17.98 million for the quarter, compared to analysts' expectations of $22.20 million. On average, analysts anticipate that Alico, Inc. will post -0.37 EPS for the current fiscal year.

Alico Announces Dividend

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

Analyst Upgrades and Downgrades

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

Alico Company 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.

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