GMT Capital Corp Sells 23,102 Shares of Alico, Inc. (ALCO)
GMT Capital Corp cut its holdings in shares of Alico, Inc. (NASDAQ:ALCO) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 535,177 shares of the company’s stock after selling 23,102 shares during the quarter. GMT Capital Corp owned 6.48% of Alico worth $16,483,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in ALCO. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. bought a new position in shares of Alico during the second quarter worth approximately $204,000. SG Americas Securities LLC increased its holdings in shares of Alico by 8.6% during the second quarter. SG Americas Securities LLC now owns 10,710 shares of the company’s stock worth $335,000 after purchasing an additional 845 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Alico by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 12,562 shares of the company’s stock worth $394,000 after purchasing an additional 57 shares during the period. Northern Trust Corp increased its holdings in shares of Alico by 11.6% during the second quarter. Northern Trust Corp now owns 47,156 shares of the company’s stock worth $1,476,000 after purchasing an additional 4,893 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Alico by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 288,827 shares of the company’s stock worth $9,040,000 after purchasing an additional 17,540 shares during the period. 73.47% of the stock is currently owned by institutional investors.
Shares of Alico, Inc. (NASDAQ:ALCO) remained flat at $34.45 on Friday. The company had a trading volume of 57 shares. The stock has a 50 day moving average price of $31.71 and a 200 day moving average price of $30.04. The firm has a market capitalization of $284.32 million, a PE ratio of 46.43 and a beta of 1.30. Alico, Inc. has a one year low of $25.01 and a one year high of $34.70.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, September 28th. Alico’s dividend payout ratio (DPR) is currently 32.43%.
Separately, BidaskClub raised shares of Alico from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th.
In other Alico news, Director Joseph Sambuco purchased 1,972 shares of the stock in a transaction dated Tuesday, July 11th. The shares were bought at an average price of $30.50 per share, with a total value of $60,146.00. Following the completion of the transaction, the director now directly owns 2,409 shares in the company, valued at approximately $73,474.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 62.70% of the company’s stock.
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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