Charles Schwab Investment Management Inc. Grows Position in Alico, Inc. (NASDAQ:ALCO)

Charles Schwab Investment Management Inc. raised its holdings in shares of Alico, Inc. (NASDAQ:ALCO) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,185 shares of the company’s stock after acquiring an additional 700 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.25% of Alico worth $537,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Acuitas Investments LLC increased its stake in Alico by 19.3% in the second quarter. Acuitas Investments LLC now owns 88,513 shares of the company’s stock valued at $2,293,000 after purchasing an additional 14,291 shares during the last quarter. CM Management LLC boosted its stake in Alico by 4.7% in the second 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings 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 worth $11,124,000 after purchasing an additional 8,306 shares during the last quarter. Accordant Advisory Group Inc increased its position in shares of Alico by 49.6% during 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, Pacific Ridge Capital Partners LLC lifted its holdings in shares of Alico by 2.1% in 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 during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Alico Stock Performance

Shares of Alico stock opened at $25.85 on Thursday. The stock has a market capitalization of $197.31 million, a price-to-earnings ratio of 28.10 and a beta of 0.80. The firm’s fifty day simple moving average is $26.10 and its 200-day simple moving average is $26.79. 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, Inc. has a 12 month low of $24.14 and a 12 month high of $30.75.

Alico Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, December 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.77%. Alico’s dividend payout ratio (DPR) is 21.74%.

Wall Street Analysts Forecast Growth

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

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.