Monaco Asset Management SAM Makes New Investment in Alico, Inc. (NASDAQ:ALCO)

Key Points

• Monaco Asset Management SAM has invested approximately $657,000 in Alico, Inc. by acquiring 22,005 shares, representing a 0.29% ownership stake.
• Institutional investors collectively hold 62.28% of Alico's stock, indicating significant interest from larger investment firms.
• Alico reported a loss of $10.98 earnings per share, significantly missing analysts' expectations, while also declaring a quarterly dividend of $0.05 per share.

Monaco Asset Management SAM purchased a new stake in Alico, Inc. (NASDAQ:ALCO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,005 shares of the company's stock, valued at approximately $657,000. Monaco Asset Management SAM owned about 0.29% of Alico at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in shares of Alico by 8,107.1% in the first quarter. GAMMA Investing LLC now owns 2,298 shares of the company's stock valued at $69,000 after acquiring an additional 2,270 shares in the last quarter. Perritt Capital Management Inc lifted its stake in shares of Alico by 66.7% in the fourth quarter. Perritt Capital Management Inc now owns 5,000 shares of the company's stock valued at $130,000 after purchasing an additional 2,000 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Alico by 21.3% in 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 during the period. Riverwater Partners LLC acquired a new stake in shares of Alico in the fourth quarter valued at about $273,000. Finally, Barclays PLC lifted its stake in shares of 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 purchasing an additional 1,350 shares during the period. 62.28% of the stock is owned by hedge funds and other institutional investors.

Alico Price Performance

Shares of NASDAQ ALCO traded down $0.22 during midday trading on Friday, hitting $32.06. The company had a trading volume of 28,645 shares, compared to its average volume of 19,278. The company has a quick ratio of 4.65, a current ratio of 5.56 and a debt-to-equity ratio of 0.65. Alico, Inc. has a twelve month low of $24.23 and a twelve month high of $34.31. The business has a 50-day simple moving average of $32.11 and a two-hundred day simple moving average of $30.53. The firm has a market capitalization of $245.00 million, a price-to-earnings ratio of -1.74 and a beta of 1.01.

Alico (NASDAQ:ALCO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($10.98) EPS for the quarter, missing the consensus estimate of ($0.36) by ($10.62). Alico had a negative net margin of 284.75% and a negative return on equity of 41.08%. The company had revenue of $17.98 million during the quarter, compared to analyst estimates of $22.20 million. Equities research analysts anticipate that Alico, Inc. will post -0.37 earnings per share for the current year.

Alico Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, June 27th. Alico's dividend payout ratio (DPR) is -1.09%.

Wall Street Analysts Forecast Growth

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 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.