JPMorgan Chase & Co. Has $769,000 Position in Alico, Inc. (NASDAQ:ALCO)

JPMorgan Chase & Co. boosted its holdings in Alico, Inc. (NASDAQ:ALCO - Free Report) by 125.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,670 shares of the company's stock after purchasing an additional 16,530 shares during the quarter. JPMorgan Chase & Co. owned 0.39% of Alico worth $769,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its position in shares of Alico by 229.2% in the third quarter. Barclays PLC now owns 9,336 shares of the company's stock valued at $261,000 after buying an additional 6,500 shares in the last quarter. Transcend Capital Advisors LLC increased its stake 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 acquiring an additional 684 shares during the period. Abundance Wealth Counselors acquired a new position in Alico in the 4th quarter valued at $286,000. Empowered Funds LLC grew its holdings in shares of Alico by 5.1% during the 4th quarter. Empowered Funds LLC now owns 16,607 shares of the company's stock worth $431,000 after purchasing an additional 810 shares in the last quarter. Finally, Bard Associates Inc. raised its stake in 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 purchasing an additional 3,745 shares in the last quarter. Institutional investors own 62.28% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Alico to a "sell" rating in a research note on Friday, February 14th.

Alico Price Performance

Shares of NASDAQ ALCO traded up $0.09 during trading hours on Friday, hitting $28.79. 31,130 shares of the stock were exchanged, compared to its average volume of 39,896. Alico, Inc. has a 1-year low of $24.14 and a 1-year high of $34.08. The company has a market cap of $219.90 million, a PE ratio of -4.86 and a beta of 0.83. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.37 and a current ratio of 4.84. The company's fifty day simple moving average is $29.00 and its two-hundred day simple moving average is $28.21.

Alico (NASDAQ:ALCO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($1.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.93) by ($0.27). Alico had a negative net margin of 91.09% and a negative return on equity of 3.01%. On average, sell-side analysts predict that Alico, Inc. will post -0.37 EPS for the current year.

Alico Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.69%. The ex-dividend date was Friday, March 28th. Alico's payout ratio is -3.38%.

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.