Monaco Asset Management SAM Invests $657,000 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 acquired a new position in shares of Alico, Inc. (NASDAQ:ALCO - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,005 shares of the company's stock, valued at approximately $657,000. Monaco Asset Management SAM owned approximately 0.29% of Alico at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Alico by 8,107.1% during the first quarter. GAMMA Investing LLC now owns 2,298 shares of the company's stock worth $69,000 after purchasing an additional 2,270 shares during the period. Bank of America Corp DE boosted its stake in shares of Alico by 12.8% during the 4th quarter. Bank of America Corp DE now owns 18,224 shares of the company's stock worth $473,000 after acquiring an additional 2,067 shares during the period. Squarepoint Ops LLC bought a new position in shares of Alico during the 4th quarter worth approximately $675,000. Wells Fargo & Company MN boosted its stake in Alico by 21.3% in the 4th 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. Finally, Prescott Group Capital Management L.L.C. bought a new stake in Alico in the 1st quarter valued at $597,000. Institutional investors own 62.28% of the company's stock.

Analyst Upgrades and Downgrades

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 Performance

Alico stock traded down $0.08 during trading on Wednesday, reaching $32.27. The company had a trading volume of 23,692 shares, compared to its average volume of 19,056. Alico, Inc. has a 52 week low of $24.23 and a 52 week high of $34.31. The firm's 50-day simple moving average is $32.07 and its 200 day simple moving average is $30.50. The firm has a market capitalization of $246.54 million, a price-to-earnings ratio of -1.75 and a beta of 0.99. The company has a current ratio of 5.56, a quick ratio of 4.65 and a debt-to-equity ratio of 0.65.

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

Alico Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.62%. Alico's dividend payout ratio (DPR) 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.