Oak Family Advisors LLC cut its holdings in Alico, Inc. (NASDAQ:ALCO - Free Report) by 33.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,243 shares of the company's stock after selling 36,743 shares during the period. Oak Family Advisors LLC owned about 0.95% of Alico worth $1,873,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the business. Harbor Advisors LLC bought a new stake in Alico during the third quarter worth approximately $215,000. Barclays PLC lifted its position 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 purchasing an additional 6,500 shares during the period. Abundance Wealth Counselors bought a new stake in Alico during the fourth quarter valued at about $286,000. JPMorgan Chase & Co. lifted its position in Alico by 50.9% during the third 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 during the last quarter. Finally, Empowered Funds LLC grew its position in Alico by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 15,797 shares of the company's stock worth $442,000 after purchasing an additional 804 shares during the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.
Alico Stock Performance
Shares of NASDAQ ALCO traded down $0.10 during trading on Thursday, reaching $30.39. 20,084 shares of the company traded hands, compared to its average volume of 90,241. The stock has a market cap of $232.18 million, a P/E ratio of 33.03 and a beta of 0.81. Alico, Inc. has a 12-month low of $24.14 and a 12-month high of $34.08. The firm's fifty day simple moving average is $28.48 and its 200 day simple moving average is $27.67. 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 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a $0.05 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.66%. Alico's payout ratio is 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.
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