JPMorgan Chase & Co. Increases Stock Holdings in Alico, Inc. (NASDAQ:ALCO)

JPMorgan Chase & Co. boosted its stake in Alico, Inc. (NASDAQ:ALCO) by 50.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,140 shares of the company’s stock after acquiring an additional 4,432 shares during the period. JPMorgan Chase & Co. owned 0.17% of Alico worth $368,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ALCO. Dimensional Fund Advisors LP lifted its position in shares of Alico by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 429,309 shares of the company’s stock worth $11,124,000 after purchasing an additional 8,306 shares during the period. Accordant Advisory Group Inc raised its stake 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 buying an additional 8,176 shares in the last quarter. Bard Associates Inc. lifted its holdings in Alico by 1.5% in the third quarter. Bard Associates Inc. now owns 54,684 shares of the company’s stock worth $1,532,000 after buying an additional 806 shares during the period. Empowered Funds LLC boosted its position in Alico by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock valued at $442,000 after acquiring an additional 804 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Alico by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company’s stock worth $537,000 after acquiring an additional 700 shares during the period. 62.28% of the stock is owned by hedge funds and other institutional investors.

Alico Stock Down 0.4 %

Shares of NASDAQ:ALCO opened at $31.06 on Thursday. The firm has a market capitalization of $237.30 million, a P/E ratio of 33.76 and a beta of 0.80. 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 50 day moving average price of $27.99 and a 200-day moving average price of $27.51. Alico, Inc. has a 52-week low of $24.14 and a 52-week high of $34.08.

Alico Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.64%. Alico’s dividend payout ratio (DPR) 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.