Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. Grows Stock Position 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. boosted its position in Alico, Inc. (NASDAQ:ALCO - Free Report) by 99.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,695 shares of the company's stock after purchasing an additional 8,335 shares during the period. 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 institutional investors and hedge funds have also bought and sold shares of ALCO. Penn Mutual Asset Management bought a new stake in shares of Alico in the 1st quarter valued at about $627,000. Russell Investments Group Ltd. boosted its holdings in Alico by 4,016.2% in the first quarter. Russell Investments Group Ltd. now owns 29,513 shares of the company's stock worth $881,000 after acquiring an additional 28,796 shares in the last quarter. Nuveen LLC bought a new position in Alico in the first quarter worth approximately $178,000. Invesco Ltd. boosted its holdings in Alico by 8.2% in the first quarter. Invesco Ltd. now owns 19,169 shares of the company's stock worth $572,000 after acquiring an additional 1,458 shares in the last quarter. Finally, Covestor Ltd purchased a new stake in shares of Alico in the first quarter worth approximately $73,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Alico Stock Performance

Shares of ALCO traded down $0.15 on Friday, reaching $33.53. 25,362 shares of the company's stock traded hands, compared to its average volume of 27,705. 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 stock has a market cap of $256.50 million, a PE ratio of -1.63 and a beta of 1.01. The stock's 50 day simple moving average is $33.01 and its two-hundred day simple moving average is $31.00. 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 quarterly earnings results on Tuesday, August 12th. The company reported ($2.39) EPS for the quarter, missing analysts' consensus estimates of ($1.09) by ($1.30). The business had revenue of $8.39 million for the quarter, compared to analysts' expectations of $16.90 million. Alico had a negative net margin of 355.13% and a negative return on equity of 58.27%. On average, 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 was paid on Friday, July 11th. Investors of record on Friday, June 27th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, June 27th. Alico's dividend payout ratio (DPR) is presently -0.97%.

Analyst Ratings Changes

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

Insider Activity at Alico

In related news, Director Henry R. Slack sold 3,548 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $34.29, for a total transaction of $121,660.92. Following the completion of the sale, the director directly owned 35,188 shares of the company's stock, valued at approximately $1,206,596.52. This trade represents a 9.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 31,250 shares of company stock worth $1,036,157 over the last three months. Company insiders own 8.30% of the company's stock.

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.