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

Rhumbline Advisers reduced its holdings in Alico, Inc. (NASDAQ:ALCO) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,997 shares of the company’s stock after selling 604 shares during the period. Rhumbline Advisers’ holdings in Alico were worth $285,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in Alico by 3.8% in 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 in the last quarter. Empowered Funds LLC lifted its holdings in Alico by 5.4% during the third quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock valued at $442,000 after purchasing an additional 804 shares in the last quarter. Bard Associates Inc. grew its position in shares of Alico by 1.5% in the third quarter. Bard Associates Inc. now owns 54,684 shares of the company’s stock valued at $1,532,000 after purchasing an additional 806 shares during the period. State Street Corp grew its position in shares of Alico by 2.1% in the third quarter. State Street Corp now owns 109,974 shares of the company’s stock valued at $3,081,000 after purchasing an additional 2,313 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Alico by 50.9% during the third quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company’s stock worth $368,000 after purchasing an additional 4,432 shares in the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Alico Stock Performance

Shares of NASDAQ:ALCO opened at $28.53 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.84 and a quick ratio of 2.37. Alico, Inc. has a 1 year low of $24.14 and a 1 year high of $34.08. The firm has a market capitalization of $217.91 million, a PE ratio of -4.82 and a beta of 0.81. The business’s 50 day moving average price is $29.76 and its 200-day moving average price is $27.87.

Alico (NASDAQ:ALCO) last announced its quarterly earnings data on Wednesday, February 12th. The company reported ($1.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.93) by ($0.27). Alico had a negative net margin of 91.09% and a negative return on equity of 3.01%. As a group, equities research analysts expect that Alico, Inc. will post -0.37 earnings per share for the current fiscal year.

Alico Dividend Announcement

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