Alico, Inc. $ALCO Shares Sold by Towerview LLC

Towerview LLC cut its holdings in shares of Alico, Inc. (NASDAQ:ALCO) by 18.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,000 shares of the company’s stock after selling 19,251 shares during the period. Alico makes up 2.3% of Towerview LLC’s holdings, making the stock its 8th biggest holding. Towerview LLC owned 1.11% of Alico worth $3,507,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in Alico in the 2nd quarter valued at about $28,000. BNP Paribas Financial Markets increased its holdings in Alico by 86.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock worth $36,000 after purchasing an additional 478 shares in the last quarter. Hanson & Doremus Investment Management bought a new stake in Alico during the 1st quarter worth approximately $43,000. Osaic Holdings Inc. raised its stake in shares of Alico by 24.2% in the second quarter. Osaic Holdings Inc. now owns 1,611 shares of the company’s stock worth $53,000 after purchasing an additional 314 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Alico by 792.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,285 shares of the company’s stock worth $107,000 after purchasing an additional 2,917 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ALCO. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alico in a research report on Monday, April 20th. Freedom Capital lowered Alico from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Roth Capital set a $45.00 price objective on Alico and gave the company a “buy” rating in a research note on Friday, March 27th. Finally, Wall Street Zen raised shares of Alico from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $45.00.

Alico Trading Up 0.5%

NASDAQ:ALCO opened at $41.12 on Friday. Alico, Inc. has a 52 week low of $31.32 and a 52 week high of $45.01. The firm has a 50-day moving average price of $40.94 and a two-hundred day moving average price of $40.55. The company has a debt-to-equity ratio of 0.80, a quick ratio of 9.39 and a current ratio of 9.63. The firm has a market cap of $305.11 million, a price-to-earnings ratio of -16.72 and a beta of 0.91.

Alico (NASDAQ:ALCO) last announced its earnings results on Monday, May 11th. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.40. The firm had revenue of $5.34 million for the quarter, compared to the consensus estimate of $2.45 million. Alico had a negative return on equity of 38.92% and a negative net margin of 115.00%. On average, equities analysts expect that Alico, Inc. will post -3.52 earnings per share for the current fiscal year.

Alico Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, July 2nd. Alico’s dividend payout ratio is -8.13%.

Alico Profile

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.