Alico, Inc. (NASDAQ:ALCO) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its position in Alico, Inc. (NASDAQ:ALCO) by 4.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,474 shares of the company’s stock after selling 649 shares during the period. Stifel Financial Corp owned approximately 0.18% of Alico worth $377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ALCO. Dimensional Fund Advisors LP lifted its holdings in shares of Alico by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 429,309 shares of the company’s stock valued at $11,124,000 after buying an additional 8,306 shares during the period. CM Management LLC lifted its holdings in Alico by 4.7% in the 2nd quarter. CM Management LLC now owns 225,000 shares of the company’s stock valued at $5,830,000 after acquiring an additional 10,000 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of Alico by 2.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 206,504 shares of the company’s stock valued at $5,351,000 after purchasing an additional 4,231 shares in the last quarter. Acuitas Investments LLC grew its stake in shares of Alico by 19.3% in the 2nd quarter. Acuitas Investments LLC now owns 88,513 shares of the company’s stock worth $2,293,000 after purchasing an additional 14,291 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Alico by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 60,233 shares of the company’s stock worth $1,561,000 after purchasing an additional 846 shares in the last quarter. 62.28% of the stock is owned by institutional investors.

Alico Trading Down 1.4 %

Shares of NASDAQ:ALCO opened at $25.47 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 3.81. The stock has a market capitalization of $194.41 million, a price-to-earnings ratio of 27.69 and a beta of 0.80. Alico, Inc. has a 1-year low of $24.14 and a 1-year high of $30.75. The company has a 50 day moving average price of $26.06 and a 200 day moving average price of $26.79.

Alico Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Friday, December 27th. Alico’s dividend payout ratio is presently 21.74%.

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.