Pacific Ridge Capital Partners LLC Has $8.06 Million Stock Position in Alico, Inc. (NASDAQ:ALCO)

Pacific Ridge Capital Partners LLC increased its holdings in shares of Alico, Inc. (NASDAQ:ALCO - Free Report) by 39.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 310,977 shares of the company's stock after purchasing an additional 87,521 shares during the period. Alico makes up about 1.8% of Pacific Ridge Capital Partners LLC's holdings, making the stock its 10th biggest position. Pacific Ridge Capital Partners LLC owned 4.07% of Alico worth $8,064,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ALCO. Transcend Capital Advisors LLC increased its stake in shares of Alico by 6.8% in the 4th quarter. Transcend Capital Advisors LLC now owns 10,670 shares of the company's stock valued at $277,000 after acquiring an additional 684 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Alico by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company's stock valued at $537,000 after purchasing an additional 700 shares during the period. Empowered Funds LLC boosted its position 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. State Street Corp grew its stake in shares of Alico by 2.1% in the 3rd quarter. State Street Corp now owns 109,974 shares of the company's stock valued at $3,081,000 after buying an additional 2,313 shares during the period. Finally, Bard Associates Inc. increased its position in Alico by 6.8% in the 4th quarter. Bard Associates Inc. now owns 58,429 shares of the company's stock valued at $1,518,000 after buying an additional 3,745 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

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

Alico Stock Down 0.1 %

Shares of Alico stock traded down $0.04 during trading hours on Monday, reaching $29.39. The company's stock had a trading volume of 4,683 shares, compared to its average volume of 62,801. The company has a market capitalization of $224.51 million, a P/E ratio of -4.97 and a beta of 0.81. The stock's fifty day simple moving average is $29.77 and its two-hundred day simple moving average is $27.93. Alico, Inc. has a one year low of $24.14 and a one year high of $34.08. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.37 and a current ratio of 4.84.

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

Alico Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.05 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.20 annualized dividend and a dividend yield of 0.68%. Alico's dividend payout ratio is currently -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.