Alico, Inc. (NASDAQ:ALCO) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in Alico, Inc. (NASDAQ:ALCO) by 5.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,997 shares of the company’s stock after selling 604 shares during the quarter. Rhumbline Advisers owned about 0.14% of Alico worth $285,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in Alico by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company’s stock valued at $537,000 after purchasing an additional 700 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Alico by 5.4% during the third quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock worth $442,000 after buying an additional 804 shares during the period. Bard Associates Inc. grew its holdings in shares of Alico by 1.5% during the third 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 during the last quarter. State Street Corp grew its holdings in shares of Alico by 2.1% during the third quarter. State Street Corp now owns 109,974 shares of the company’s stock valued at $3,081,000 after buying an additional 2,313 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Alico by 50.9% in the 3rd 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. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Alico to a “sell” rating in a research report on Friday, February 14th.

Alico Price Performance

Shares of NASDAQ ALCO opened at $28.53 on Monday. Alico, Inc. has a 52 week low of $24.14 and a 52 week high of $34.08. The business’s 50 day moving average price is $29.76 and its 200 day moving average price is $27.87. The company has a quick ratio of 2.37, a current ratio of 4.84 and a debt-to-equity ratio of 0.42. The firm has a market cap of $217.91 million, a P/E ratio of -4.82 and a beta of 0.81.

Alico (NASDAQ:ALCO) last released 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 expect that Alico, Inc. will post -0.37 earnings per share for the current year.

Alico Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Friday, December 27th. Alico’s dividend payout ratio is currently -3.38%.

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.