Empowered Funds LLC Boosts Stock Position in Alico, Inc. (NASDAQ:ALCO)

Empowered Funds LLC lifted its position in shares of Alico, Inc. (NASDAQ:ALCO) by 5.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,797 shares of the company’s stock after buying an additional 804 shares during the period. Empowered Funds LLC owned about 0.21% of Alico worth $442,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ALCO. Vanguard Group Inc. raised its stake in shares of Alico by 57.0% during the first quarter. Vanguard Group Inc. now owns 160,913 shares of the company’s stock worth $4,712,000 after acquiring an additional 58,428 shares in the last quarter. Transcend Capital Advisors LLC raised its position in Alico by 7.4% in the 2nd quarter. Transcend Capital Advisors LLC now owns 9,267 shares of the company’s stock worth $240,000 after purchasing an additional 640 shares during the period. BNP Paribas Financial Markets lifted its stake in Alico by 80.1% in the first quarter. BNP Paribas Financial Markets now owns 3,582 shares of the company’s stock worth $105,000 after purchasing an additional 1,593 shares during the last quarter. Naples Global Advisors LLC boosted its position in Alico by 8.5% during the second quarter. Naples Global Advisors LLC now owns 57,050 shares of the company’s stock valued at $1,481,000 after buying an additional 4,450 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of Alico during the first quarter valued at about $217,000. Institutional investors own 62.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Alico to a “sell” rating in a research note on Thursday, August 29th.

Alico Trading Up 0.6 %

Shares of NASDAQ ALCO opened at $26.44 on Monday. The stock has a market cap of $201.47 million, a P/E ratio of 7.73 and a beta of 0.79. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.67 and a quick ratio of 0.90. Alico, Inc. has a 1 year low of $24.14 and a 1 year high of $31.00. The firm has a 50-day moving average of $26.51 and a 200 day moving average of $26.80.

Alico Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.05 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.76%. Alico’s dividend payout ratio is currently 5.85%.

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.