Gate City Capital Management LLC grew its holdings in shares of Alico, Inc. (NASDAQ:ALCO – Free Report) by 3.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,297,679 shares of the company’s stock after purchasing an additional 39,500 shares during the period. Alico comprises approximately 20.4% of Gate City Capital Management LLC’s holdings, making the stock its largest holding. Gate City Capital Management LLC owned 0.17% of Alico worth $47,210,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Alico by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 259,666 shares of the company’s stock worth $9,000,000 after buying an additional 4,064 shares in the last quarter. Geode Capital Management LLC lifted its position in Alico by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 138,611 shares of the company’s stock worth $5,045,000 after buying an additional 4,714 shares in the last quarter. Peapod Lane Capital LLC lifted its position in Alico by 0.7% during the 4th quarter. Peapod Lane Capital LLC now owns 133,701 shares of the company’s stock worth $4,864,000 after buying an additional 983 shares in the last quarter. Accordant Advisory Group Inc lifted its position in Alico by 39.4% during the 4th quarter. Accordant Advisory Group Inc now owns 94,411 shares of the company’s stock worth $3,435,000 after buying an additional 26,688 shares in the last quarter. Finally, Oak Family Advisors LLC lifted its position in Alico by 12.1% during the 4th quarter. Oak Family Advisors LLC now owns 57,655 shares of the company’s stock worth $2,097,000 after buying an additional 6,238 shares in the last quarter. 62.28% of the stock is owned by institutional investors.
Alico Stock Down 0.3%
Shares of ALCO stock opened at $40.20 on Wednesday. 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’s 50-day moving average is $41.59 and its 200-day moving average is $39.88. The stock has a market cap of $298.28 million, a price-to-earnings ratio of -16.34 and a beta of 0.92. Alico, Inc. has a 52-week low of $30.94 and a 52-week high of $45.01.
Alico Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, July 2nd. Alico’s dividend payout ratio is presently -8.13%.
Analysts Set New Price Targets
Several brokerages have commented on ALCO. Weiss Ratings reissued a “sell (d)” rating on shares of Alico in a research report on Monday, April 20th. Wall Street Zen raised shares of Alico from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Roth Mkm set a $45.00 price target on shares of Alico and gave the stock a “buy” rating in a research report on Friday, March 27th. Finally, Freedom Capital cut shares of Alico from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.00.
View Our Latest Report on ALCO
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.
Featured Articles
- Five stocks we like better than Alico
- Gravity Check: Houston, SpaceX Has a Valuation Problem
- Strategy’s Bitcoin Rally Has a Hidden Engine
- Okta’s AI Moment May Be Bigger Than Investors Realize
- 3 Rate-Ready Stocks for the New Fed Chair’s First Big Test
Want to see what other hedge funds are holding ALCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alico, Inc. (NASDAQ:ALCO – Free Report).
Receive News & Ratings for Alico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alico and related companies with MarketBeat.com's FREE daily email newsletter.
