Alico, Inc. (NASDAQ:ALCO) Stock Holdings Trimmed by Towerview LLC

Towerview LLC decreased its position in shares of Alico, Inc. (NASDAQ:ALCO - Free Report) by 46.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,000 shares of the company's stock after selling 100,303 shares during the quarter. Alico comprises approximately 2.5% of Towerview LLC's investment portfolio, making the stock its 7th biggest holding. Towerview LLC owned about 1.51% of Alico worth $3,432,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Peapod Lane Capital LLC boosted its stake in shares of 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 buying an additional 461 shares during the last quarter. Transcend Capital Advisors LLC raised its position in shares of Alico by 6.8% in the first quarter. Transcend Capital Advisors LLC now owns 11,394 shares of the company's stock valued at $340,000 after buying an additional 724 shares in the last quarter. Abundance Wealth Counselors raised its holdings in Alico by 79.4% in the 1st quarter. Abundance Wealth Counselors now owns 19,776 shares of the company's stock valued at $590,000 after acquiring an additional 8,755 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Alico during the first quarter valued at approximately $3,232,000. Finally, Accordant Advisory Group Inc raised its position in Alico by 76.8% during the first quarter. Accordant Advisory Group Inc now owns 43,881 shares of the company's stock valued at $1,309,000 after purchasing an additional 19,057 shares in the last quarter. Institutional investors own 62.28% of the company's stock.

Analyst Ratings Changes

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

Alico Stock Down 0.1%

Alico stock traded down $0.04 during midday trading on Friday, reaching $32.49. The stock had a trading volume of 11,257 shares, compared to its average volume of 35,483. Alico, Inc. has a 12 month low of $24.23 and a 12 month high of $34.31. The company has a market capitalization of $248.22 million, a P/E ratio of -1.76 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. The company has a fifty day moving average price of $31.97 and a two-hundred day moving average price of $30.43.

Alico (NASDAQ:ALCO - Get Free Report) last posted 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 return on equity of 41.08% and a negative net margin of 284.75%. The company had revenue of $17.98 million during the quarter, compared to the consensus estimate of $22.20 million. As a group, equities analysts expect that Alico, Inc. will post -0.37 EPS for the current fiscal year.

Alico Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were given a dividend of $0.05 per share. 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 presently -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.