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

CWA Asset Management Group LLC bought a new stake in shares of Alico, Inc. (NASDAQ:ALCO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 108,325 shares of the company's stock, valued at approximately $3,232,000. CWA Asset Management Group LLC owned approximately 1.42% of Alico at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Accordant Advisory Group Inc grew its stake in shares of Alico by 76.8% in the 1st quarter. Accordant Advisory Group Inc now owns 43,881 shares of the company's stock valued at $1,309,000 after buying an additional 19,057 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Alico by 8,107.1% in the 1st quarter. GAMMA Investing LLC now owns 2,298 shares of the company's stock valued at $69,000 after buying an additional 2,270 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Alico in the 4th quarter valued at approximately $675,000. JCP Investment Management LLC grew its stake in shares of Alico by 16.0% in the 4th quarter. JCP Investment Management LLC now owns 217,091 shares of the company's stock valued at $5,633,000 after buying an additional 30,000 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Alico by 12.8% in the 4th quarter. Bank of America Corp DE now owns 18,224 shares of the company's stock valued at $473,000 after buying an additional 2,067 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.

Analyst Ratings Changes

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

Alico Stock Down 0.4%

Shares of NASDAQ ALCO traded down $0.13 during trading hours on Friday, hitting $31.25. The stock had a trading volume of 85,905 shares, compared to its average volume of 40,402. The company has a market capitalization of $238.75 million, a P/E ratio of -1.70 and a beta of 0.99. The firm's 50-day moving average price is $30.37 and its two-hundred day moving average price is $29.44. Alico, Inc. has a 52 week low of $24.23 and a 52 week high of $34.08. 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 announced its quarterly earnings results on Tuesday, May 13th. The company reported ($10.98) EPS for the quarter, missing the consensus estimate of ($0.36) by ($10.62). The firm 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 284.75% and a negative return on equity of 41.08%. Analysts anticipate that Alico, Inc. will post -0.37 EPS for the current fiscal year.

Alico Announces Dividend

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

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.