Oak Family Advisors LLC Invests $1.53 Million in Alico, Inc. $ALCO

Key Points

• Oak Family Advisors LLC invested approximately $1.53 million in Alico, Inc. by purchasing 46,848 shares during the second quarter of 2023.
• Alico reported a loss of $2.39 earnings per share for the last quarter, significantly missing the consensus estimate of ($1.09).
• The company declared a quarterly dividend of $0.05 per share, with a dividend yield of 0.6%, set to be paid on October 10th.

Oak Family Advisors LLC purchased a new position in Alico, Inc. (NASDAQ:ALCO - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,848 shares of the company's stock, valued at approximately $1,531,000. Oak Family Advisors LLC owned about 0.61% of Alico at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ALCO. Bank of America Corp DE grew its holdings 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 purchasing an additional 2,067 shares during the last quarter. Squarepoint Ops LLC bought a new position in Alico during the 4th quarter worth about $675,000. GAMMA Investing LLC grew its holdings in Alico by 8,107.1% during the 1st quarter. GAMMA Investing LLC now owns 2,298 shares of the company's stock worth $69,000 after acquiring an additional 2,270 shares in the last quarter. Accordant Advisory Group Inc grew its holdings in Alico by 76.8% during the 1st quarter. Accordant Advisory Group Inc now owns 43,881 shares of the company's stock worth $1,309,000 after acquiring an additional 19,057 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new position in Alico during the 1st quarter worth about $3,232,000. 62.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alico

In other news, Director Henry R. Slack sold 3,548 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $34.29, for a total value of $121,660.92. Following the sale, the director directly owned 35,188 shares in the company, valued at approximately $1,206,596.52. This trade represents a 9.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 31,250 shares of company stock valued at $1,036,157. 8.30% of the stock is currently owned by company insiders.

Alico Stock Down 0.0%

Shares of Alico stock opened at $33.54 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 9.37 and a quick ratio of 8.87. Alico, Inc. has a 1 year low of $24.23 and a 1 year high of $35.01. The firm's 50-day moving average is $33.32 and its two-hundred day moving average is $31.54. The stock has a market cap of $256.41 million, a price-to-earnings ratio of -1.63 and a beta of 1.01.

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

Alico Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, September 26th. Alico's dividend payout ratio is presently -0.97%.

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.

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