Squarepoint Ops LLC Takes $675,000 Position in Alico, Inc. (NASDAQ:ALCO)

Squarepoint Ops LLC acquired a new position in shares of Alico, Inc. (NASDAQ:ALCO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 26,044 shares of the company's stock, valued at approximately $675,000. Squarepoint Ops LLC owned about 0.34% of Alico at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of Alico by 5.1% during the fourth quarter. Empowered Funds LLC now owns 16,607 shares of the company's stock worth $431,000 after buying an additional 810 shares during the period. Peapod Lane Capital LLC bought a new position in shares of Alico in the fourth quarter valued at about $3,380,000. Transcend Capital Advisors LLC lifted its holdings in Alico by 6.8% during the 4th quarter. Transcend Capital Advisors LLC now owns 10,670 shares of the company's stock worth $277,000 after purchasing an additional 684 shares during the last quarter. Bard Associates Inc. grew its stake in shares of Alico by 6.8% in the fourth quarter. Bard Associates Inc. now owns 58,429 shares of the company's stock valued at $1,518,000 after acquiring an additional 3,745 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Alico by 125.8% during the fourth quarter. JPMorgan Chase & Co. now owns 29,670 shares of the company's stock worth $769,000 after buying an additional 16,530 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Alico from a "hold" rating to a "strong sell" rating in a research note on Thursday, May 22nd.

Alico Price Performance

Shares of NASDAQ ALCO traded down $0.19 during trading hours on Thursday, hitting $31.23. 18,179 shares of the stock were exchanged, compared to its average volume of 39,261. The company's fifty day simple moving average is $29.87 and its two-hundred day simple moving average is $29.01. The company has a market cap of $238.62 million, a PE ratio of -5.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.37 and a current ratio of 4.84. Alico, Inc. has a 1-year low of $24.20 and a 1-year high of $34.08.

Alico (NASDAQ:ALCO - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($10.98) earnings per share 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 the consensus estimate of $22.20 million. Alico had a negative return on equity of 3.01% and a negative net margin of 91.09%. On average, sell-side analysts predict that Alico, Inc. will post -0.37 EPS for the current year.

Alico Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Friday, March 28th. Alico's dividend payout ratio is presently -1.09%.

About Alico

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.