Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. Increases Stock Holdings in Alico, Inc. $ALCO

Key Points

• Holt Capital Advisors significantly increased its stake in Alico, Inc., acquiring an additional 8,335 shares, bringing its total to 16,695 shares, valued at approximately $498,000.
• Alico, Inc. reported a negative earnings per share of ($2.39) for the most recent quarter, missing analysts' estimates and showing a significant decline in revenue.
• Despite recent challenges, the company declared a quarterly dividend of $0.05 per share, maintaining a dividend yield of 0.6%.

Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its stake in Alico, Inc. (NASDAQ:ALCO - Free Report) by 99.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,695 shares of the company's stock after acquiring an additional 8,335 shares during the quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. owned 0.22% of Alico worth $498,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALCO. Wells Fargo & Company MN lifted its holdings in shares of Alico by 21.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,177 shares of the company's stock valued at $134,000 after purchasing an additional 908 shares in the last quarter. Barclays PLC lifted its holdings in Alico by 14.5% in the fourth quarter. Barclays PLC now owns 10,686 shares of the company's stock valued at $277,000 after acquiring an additional 1,350 shares during the period. Stifel Financial Corp raised its stake in shares of Alico by 8.2% in the fourth quarter. Stifel Financial Corp now owns 14,579 shares of the company's stock worth $378,000 after buying an additional 1,105 shares during the period. Bank of America Corp DE raised its stake in shares of Alico by 12.8% in the fourth quarter. Bank of America Corp DE now owns 18,224 shares of the company's stock worth $473,000 after buying an additional 2,067 shares during the period. Finally, JCP Investment Management LLC raised its stake in shares of Alico by 16.0% in the fourth quarter. JCP Investment Management LLC now owns 217,091 shares of the company's stock worth $5,633,000 after buying an additional 30,000 shares during the period. 62.28% of the stock is owned by institutional investors.

Insider Activity at Alico

In other news, Director Henry R. Slack sold 24,789 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $32.83, for a total value of $813,822.87. Following the completion of the transaction, the director directly owned 41,649 shares of the company's stock, valued at approximately $1,367,336.67. The trade was a 37.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 31,250 shares of company stock valued at $1,036,157. Insiders own 8.30% of the company's stock.

Alico Trading Down 0.4%

Shares of ALCO stock traded down $0.15 on Friday, reaching $33.53. 25,362 shares of the company's stock were exchanged, compared to its average volume of 27,568. The company has a current ratio of 9.37, a quick ratio of 8.87 and a debt-to-equity ratio of 0.72. The company's fifty day simple moving average is $33.01 and its 200 day simple moving average is $30.97. The stock has a market capitalization of $256.34 million, a PE ratio of -1.63 and a beta of 1.01. Alico, Inc. has a 52 week low of $24.23 and a 52 week high of $35.01.

Alico (NASDAQ:ALCO - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported ($2.39) earnings per share for the quarter, missing analysts' consensus estimates of ($1.09) by ($1.30). The firm had revenue of $8.39 million for the quarter, compared to the consensus estimate of $16.90 million. Alico had a negative net margin of 355.13% and a negative return on equity of 58.27%. As a group, analysts forecast that Alico, Inc. will post -0.37 EPS for the current year.

Alico Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, June 27th. Alico's payout ratio is presently -0.97%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded 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.