Alico, Inc. (NASDAQ:ALCO) Director Joseph Sambuco purchased 1,972 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were purchased at an average price of $30.50 per share, for a total transaction of $60,146.00. Following the completion of the purchase, the director now owns 2,409 shares of the company’s stock, valued at $73,474.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Joseph Sambuco also recently made the following trade(s):

  • On Thursday, June 8th, Joseph Sambuco purchased 2,404 shares of Alico stock. The shares were purchased at an average price of $30.45 per share, for a total transaction of $73,201.80.

Alico, Inc. (NASDAQ:ALCO) traded down 0.81% during mid-day trading on Friday, reaching $30.45. 1,247 shares of the company were exchanged. Alico, Inc. has a 12 month low of $25.01 and a 12 month high of $33.20. The stock has a market capitalization of $252.40 million, a P/E ratio of 47.58 and a beta of 1.33. The company’s 50 day moving average price is $31.24 and its 200-day moving average price is $28.75.

Alico announced that its board has authorized a share repurchase plan on Thursday, May 25th that allows the company to repurchase $2.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 0.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Friday, June 30th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Wednesday, June 28th. Alico’s dividend payout ratio (DPR) is presently 37.50%.

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An institutional investor recently raised its position in Alico stock. SG Americas Securities LLC raised its position in shares of Alico, Inc. (NASDAQ:ALCO) by 8.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 10,710 shares of the company’s stock after buying an additional 845 shares during the period. SG Americas Securities LLC owned approximately 0.13% of Alico worth $335,000 at the end of the most recent quarter. 72.87% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub downgraded shares of Alico from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th.

Alico Company Profile

Alico, Inc is an agribusiness and natural resources management company. The Company’s segments include Orange Co, Conservation and Environmental Resources and, Other Operations. Its principal lines of business are citrus groves, cattle ranching and conservation. The Orange Co segment includes activities related to planting, owning, cultivating and/or managing citrus groves in order 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.

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