Abundance Wealth Counselors purchased a new stake in Alico, Inc. (NASDAQ:ALCO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,021 shares of the company's stock, valued at approximately $286,000. Abundance Wealth Counselors owned 0.14% of Alico as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Harbor Advisors LLC purchased a new position in shares of Alico during the 3rd quarter worth $215,000. Barclays PLC raised its holdings in Alico by 229.2% in the 3rd quarter. Barclays PLC now owns 9,336 shares of the company's stock valued at $261,000 after buying an additional 6,500 shares during the period. JPMorgan Chase & Co. grew its position in Alico by 50.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company's stock valued at $368,000 after acquiring an additional 4,432 shares in the last quarter. Empowered Funds LLC grew its position in Alico by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 15,797 shares of the company's stock valued at $442,000 after acquiring an additional 804 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Alico by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company's stock valued at $537,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.
Alico Stock Down 1.1 %
Shares of Alico stock traded down $0.34 on Wednesday, reaching $30.32. 26,645 shares of the company were exchanged, compared to its average volume of 92,563. 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 $231.61 million, a P/E ratio of 32.95 and a beta of 0.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.81 and a quick ratio of 0.99. The stock's 50 day moving average price is $28.33 and its 200-day moving average price is $27.63.
Alico Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Friday, December 27th. Alico's dividend payout ratio is currently 21.74%.
About Alico
(
Free Report)
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.
Recommended Stories
Before you consider Alico, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alico wasn't on the list.
While Alico currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
