Geode Capital Management LLC Raises Stock Position in Alico, Inc. (NASDAQ:ALCO)

Geode Capital Management LLC grew its stake in Alico, Inc. (NASDAQ:ALCO) by 6.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,535 shares of the company’s stock after purchasing an additional 9,366 shares during the quarter. Geode Capital Management LLC owned about 1.91% of Alico worth $4,071,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in Alico by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 60,233 shares of the company’s stock worth $1,561,000 after buying an additional 846 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Alico by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 429,309 shares of the company’s stock valued at $11,124,000 after purchasing an additional 8,306 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its stake in Alico by 2.1% in the second quarter. Pacific Ridge Capital Partners LLC now owns 206,504 shares of the company’s stock worth $5,351,000 after purchasing an additional 4,231 shares during the period. Accordant Advisory Group Inc raised its holdings in Alico by 49.6% in the third quarter. Accordant Advisory Group Inc now owns 24,657 shares of the company’s stock worth $690,000 after purchasing an additional 8,176 shares in the last quarter. Finally, Bard Associates Inc. boosted its holdings in shares of Alico by 1.5% during the 3rd quarter. Bard Associates Inc. now owns 54,684 shares of the company’s stock valued at $1,532,000 after buying an additional 806 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Alico Stock Up 1.7 %

NASDAQ:ALCO opened at $26.33 on Monday. Alico, Inc. has a 1-year low of $24.14 and a 1-year high of $30.75. The company has a market capitalization of $200.98 million, a PE ratio of 28.62 and a beta of 0.80. The firm’s 50-day moving average price is $26.04 and its 200-day moving average price is $26.83. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.81 and a quick ratio of 0.99.

Alico Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, December 27th. Alico’s dividend payout ratio is 21.74%.

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.