Prescott Group Capital Management L.L.C. Makes New Investment in Alico, Inc. (NASDAQ:ALCO)

Key Points

• Prescott Group Capital Management L.L.C. has made a new investment in Alico, Inc., acquiring 20,000 shares valued at approximately $597,000, representing 0.26% ownership of the company.
• Other institutional investors have shown significant activity, with GAMMA Investing LLC increasing its stake by over 8,107%, while 62.28% of Alico's stock is now owned by hedge funds and institutional investors.
• Alico recently reported a ($10.98) earnings per share, falling short of expectations, and its stock has a current market cap of $248.53 million with a dividend yield of 0.61%.

Prescott Group Capital Management L.L.C. acquired a new position in shares of Alico, Inc. (NASDAQ:ALCO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,000 shares of the company's stock, valued at approximately $597,000. Prescott Group Capital Management L.L.C. owned about 0.26% of Alico at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peapod Lane Capital LLC raised its holdings in Alico by 0.4% during the 1st quarter. Peapod Lane Capital LLC now owns 130,831 shares of the company's stock worth $3,904,000 after purchasing an additional 461 shares during the last quarter. Transcend Capital Advisors LLC increased its stake in shares of Alico by 6.8% in the 1st quarter. Transcend Capital Advisors LLC now owns 11,394 shares of the company's stock valued at $340,000 after acquiring an additional 724 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of 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 acquiring an additional 908 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Alico by 8.2% in the 4th quarter. Stifel Financial Corp now owns 14,579 shares of the company's stock valued at $378,000 after acquiring an additional 1,105 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Alico by 14.5% in the 4th 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 last quarter. 62.28% of the stock is owned by institutional investors.

Alico Trading Up 0.4%

Shares of ALCO stock traded up $0.13 on Tuesday, reaching $32.54. The company had a trading volume of 5,581 shares, compared to its average volume of 50,376. The company has a current ratio of 5.56, a quick ratio of 4.65 and a debt-to-equity ratio of 0.65. The stock has a market cap of $248.61 million, a PE ratio of -1.77 and a beta of 0.99. The company has a 50-day moving average of $32.03 and a 200-day moving average of $30.48. Alico, Inc. has a 12 month low of $24.23 and a 12 month high of $34.31.

Alico (NASDAQ:ALCO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($10.98) EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $22.20 million. On average, equities analysts forecast that Alico, Inc. will post -0.37 earnings per share for the current year.

Alico Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, June 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.61%. Alico's payout ratio is -1.09%.

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 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.