Peapod Lane Capital LLC Invests $3.38 Million in Alico, Inc. (NASDAQ:ALCO)

Peapod Lane Capital LLC purchased a new stake in shares of Alico, Inc. (NASDAQ:ALCO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 130,370 shares of the company's stock, valued at approximately $3,380,000. Alico comprises approximately 3.4% of Peapod Lane Capital LLC's holdings, making the stock its 6th largest holding. Peapod Lane Capital LLC owned 1.71% of Alico as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Empowered Funds LLC boosted its holdings in shares of Alico by 5.1% in the fourth quarter. Empowered Funds LLC now owns 16,607 shares of the company's stock valued at $431,000 after acquiring an additional 810 shares in the last quarter. Abundance Wealth Counselors bought a new position in Alico during the 4th quarter valued at $286,000. JPMorgan Chase & Co. boosted its stake in Alico by 50.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company's stock valued at $368,000 after purchasing an additional 4,432 shares in the last quarter. Barclays PLC raised its stake in shares of Alico by 229.2% in the 3rd quarter. Barclays PLC now owns 9,336 shares of the company's stock worth $261,000 after buying an additional 6,500 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Alico by 6.9% in the third quarter. Geode Capital Management LLC now owns 145,535 shares of the company's stock valued at $4,071,000 after buying an additional 9,366 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Alico Price Performance

ALCO stock traded down $0.78 on Monday, hitting $29.61. 52,119 shares of the company's stock traded hands, compared to its average volume of 46,883. The stock has a market cap of $226.22 million, a price-to-earnings ratio of 32.19 and a beta of 0.81. Alico, Inc. has a 1-year low of $24.14 and a 1-year high of $34.08. The stock has a fifty day moving average of $28.85 and a 200-day moving average of $27.75. The company has a current ratio of 3.81, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35.

Alico (NASDAQ:ALCO - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported ($1.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.93) by ($0.27). Alico had a negative return on equity of 6.06% and a net margin of 14.95%. On average, analysts forecast that Alico, Inc. will post -0.37 EPS for the current fiscal year.

Alico Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a $0.05 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.68%. Alico's dividend payout ratio (DPR) is presently 21.74%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Alico to a "sell" rating in a report on Friday.

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.