Peapod Lane Capital LLC Boosts Stock Position in Alico, Inc. $ALCO

Peapod Lane Capital LLC lifted its holdings in Alico, Inc. (NASDAQ:ALCO) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 131,265 shares of the company’s stock after purchasing an additional 434 shares during the period. Alico accounts for approximately 4.3% of Peapod Lane Capital LLC’s portfolio, making the stock its 3rd biggest holding. Peapod Lane Capital LLC owned 1.72% of Alico worth $4,290,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. PNC Financial Services Group Inc. increased its stake in shares of Alico by 21.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,591 shares of the company’s stock worth $77,000 after purchasing an additional 464 shares during the period. Transcend Capital Advisors LLC increased its stake in shares of Alico by 6.8% in the first quarter. Transcend Capital Advisors LLC now owns 11,394 shares of the company’s stock worth $340,000 after purchasing an additional 724 shares during the period. Invesco Ltd. increased its stake in shares of Alico by 8.2% in the first quarter. Invesco Ltd. now owns 19,169 shares of the company’s stock worth $572,000 after purchasing an additional 1,458 shares during the period. Covestor Ltd bought a new position in shares of Alico in the first quarter worth about $73,000. Finally, Deutsche Bank AG bought a new position in shares of Alico in the first quarter worth about $157,000. 62.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Alico in a research note on Friday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Alico Trading Up 1.0%

Shares of ALCO opened at $35.80 on Friday. Alico, Inc. has a 12-month low of $24.23 and a 12-month high of $35.89. The company has a quick ratio of 8.87, a current ratio of 9.37 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $273.87 million, a price-to-earnings ratio of -1.74 and a beta of 0.98. The stock’s 50-day moving average price is $33.98 and its 200 day moving average price is $32.15.

Alico (NASDAQ:ALCO) last posted its earnings results on Tuesday, August 12th. The company reported ($2.39) EPS for the quarter, missing the consensus estimate of ($1.09) by ($1.30). The company had revenue of $8.39 million for the quarter, compared to the consensus estimate of $16.90 million. Alico had a negative return on equity of 58.27% and a negative net margin of 355.13%. As a group, research analysts predict that Alico, Inc. will post -0.37 earnings per share for the current year.

Alico Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, September 26th. Alico’s dividend payout ratio (DPR) is -0.97%.

Insider Activity at Alico

In related news, Director Henry R. Slack sold 24,789 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $32.83, for a total transaction of $813,822.87. Following the completion of the transaction, the director owned 41,649 shares in the company, valued at $1,367,336.67. This trade represents a 37.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 31,250 shares of company stock worth $1,036,157. 8.30% of the stock is owned by company insiders.

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.