Squarepoint Ops LLC Acquires New Position in Alico, Inc. (NASDAQ:ALCO)

Squarepoint Ops LLC purchased a new stake in Alico, Inc. (NASDAQ:ALCO - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 26,044 shares of the company's stock, valued at approximately $675,000. Squarepoint Ops LLC owned approximately 0.34% of Alico at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Perritt Capital Management Inc boosted its position 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 worth $130,000 after buying an additional 2,000 shares during the period. Wells Fargo & Company MN lifted its position in Alico by 21.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,177 shares of the company's stock worth $134,000 after acquiring an additional 908 shares in the last quarter. Riverwater Partners LLC acquired a new position in Alico during the 4th quarter worth approximately $273,000. Transcend Capital Advisors LLC boosted its holdings in Alico by 6.8% in the 4th quarter. Transcend Capital Advisors LLC now owns 10,670 shares of the company's stock worth $277,000 after acquiring an additional 684 shares during the period. Finally, Barclays PLC boosted its holdings in Alico by 14.5% in the 4th quarter. Barclays PLC now owns 10,686 shares of the company's stock worth $277,000 after acquiring an additional 1,350 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Alico Price Performance

ALCO remained flat at $31.25 during trading hours on Friday. 38,421 shares of the company were exchanged, compared to its average volume of 39,444. Alico, Inc. has a 1-year low of $24.20 and a 1-year high of $34.08. The firm has a market cap of $238.81 million, a P/E ratio of -5.28 and a beta of 0.99. The company has a current ratio of 4.84, a quick ratio of 2.37 and a debt-to-equity ratio of 0.42. The business's fifty day moving average price is $29.93 and its two-hundred day moving average price is $29.09.

Alico (NASDAQ:ALCO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($10.98) earnings per share for the quarter, missing analysts' consensus estimates of ($0.36) by ($10.62). The firm had revenue of $17.98 million during the quarter, compared to analysts' expectations of $22.20 million. Alico had a negative net margin of 91.09% and a negative return on equity of 3.01%. On average, research analysts predict that Alico, Inc. will post -0.37 earnings per share for the current year.

Alico Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Friday, March 28th. Alico's dividend payout ratio is currently -1.09%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered 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.