10,542 Shares in Alico, Inc. (NASDAQ:ALCO) Bought by Riverwater Partners LLC

Riverwater Partners LLC purchased a new position in Alico, Inc. (NASDAQ:ALCO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,542 shares of the company's stock, valued at approximately $273,000. Riverwater Partners LLC owned about 0.14% of Alico at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ALCO. Charles Schwab Investment Management Inc. boosted its stake in Alico by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company's stock worth $537,000 after buying an additional 700 shares in the last quarter. State Street Corp lifted its holdings in Alico by 2.1% during the 3rd quarter. State Street Corp now owns 109,974 shares of the company's stock worth $3,081,000 after buying an additional 2,313 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 period. Empowered Funds LLC raised its stake in shares of Alico by 5.1% during the fourth quarter. Empowered Funds LLC now owns 16,607 shares of the company's stock worth $431,000 after buying an additional 810 shares during the last quarter. Finally, Perritt Capital Management Inc lifted its stake in shares of Alico by 66.7% in the 4th quarter. Perritt Capital Management Inc now owns 5,000 shares of the company's stock valued at $130,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 62.28% of the company's stock.

Alico Stock Down 1.2 %

ALCO stock traded down $0.36 during mid-day trading on Friday, hitting $28.12. 42,001 shares of the company were exchanged, compared to its average volume of 38,808. 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, Inc. has a 1-year low of $24.14 and a 1-year high of $34.08. The firm's 50 day simple moving average is $29.34 and its 200 day simple moving average is $27.99. The firm has a market cap of $214.74 million, a P/E ratio of -4.74 and a beta of 0.83.

Alico (NASDAQ:ALCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($1.20) 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 fiscal year.

Alico Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.71%. Alico's payout ratio is presently -3.38%.

Analyst Ratings Changes

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

About Alico

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.