Dimensional Fund Advisors LP Has $11.85 Million Stock Holdings in Alico, Inc. $ALCO

Key Points

• Dimensional Fund Advisors reduced its Alico stake by 10.3% in the first quarter, but still held 287,141 shares worth approximately $11.85 million, or 3.75% of the company.
• Alico reported quarterly EPS of $1.49, beating estimates of $1.09, while revenue reached $5.34 million versus the $2.45 million consensus estimate. However, analysts expect a full-year loss of $3.52 per share.
• The stock was trading at $38.20, below the average analyst price target of $45.00. Analyst sentiment was mixed, with one Buy, one Hold and one Sell rating, while Alico maintained a quarterly dividend of $0.05 per share.

Dimensional Fund Advisors LP trimmed its holdings in shares of Alico, Inc. (NASDAQ:ALCO - Free Report) by 10.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 287,141 shares of the company's stock after selling 32,976 shares during the quarter. Dimensional Fund Advisors LP owned 3.75% of Alico worth $11,847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALCO. Raymond James Financial Inc. acquired a new position in shares of Alico during the second quarter worth $28,000. BNP Paribas Financial Markets increased its holdings in Alico by 86.6% in the third quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company's stock valued at $36,000 after purchasing an additional 478 shares during the period. Hanson & Doremus Investment Management bought a new position in Alico during the 1st quarter worth $43,000. Osaic Holdings Inc. raised its position in Alico by 24.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,611 shares of the company's stock worth $53,000 after purchasing an additional 314 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Alico by 792.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,285 shares of the company's stock worth $107,000 after purchasing an additional 2,917 shares during the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Alico Trading Down 0.3%

ALCO opened at $38.20 on Friday. Alico, Inc. has a twelve month low of $31.32 and a twelve month high of $45.01. The company has a quick ratio of 9.39, a current ratio of 9.63 and a debt-to-equity ratio of 0.80. The company has a fifty day moving average of $40.23 and a 200-day moving average of $40.74. The stock has a market cap of $283.44 million, a PE ratio of -15.53 and a beta of 0.91.

Alico (NASDAQ:ALCO - Get Free Report) last released its earnings results on Monday, May 11th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.40. The business had revenue of $5.34 million for the quarter, compared to analyst estimates of $2.45 million. Alico had a negative net margin of 115.00% and a negative return on equity of 38.92%. On average, sell-side analysts predict that Alico, Inc. will post -3.52 EPS for the current year.

Alico Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. Alico's dividend payout ratio (DPR) is -8.13%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Freedom Capital lowered Alico from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 14th. Weiss Ratings restated a "sell (d)" rating on shares of Alico in a research report on Friday, July 17th. Finally, Wall Street Zen raised Alico from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $45.00.

About Alico

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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