Empowered Funds LLC Increases Holdings in Alico, Inc. (NASDAQ:ALCO)

Empowered Funds LLC boosted its position in shares of Alico, Inc. (NASDAQ:ALCO) by 5.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 15,797 shares of the company’s stock after buying an additional 804 shares during the period. Empowered Funds LLC’s holdings in Alico were worth $442,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in shares of Alico by 80.1% during the 1st quarter. BNP Paribas Financial Markets now owns 3,582 shares of the company’s stock worth $105,000 after buying an additional 1,593 shares in the last quarter. Vanguard Group Inc. lifted its stake in Alico by 57.0% in the first quarter. Vanguard Group Inc. now owns 160,913 shares of the company’s stock worth $4,712,000 after acquiring an additional 58,428 shares during the period. Quadrature Capital Ltd bought a new position in Alico during the 1st quarter worth about $217,000. Transcend Capital Advisors LLC increased its position in Alico by 7.4% during the 2nd quarter. Transcend Capital Advisors LLC now owns 9,267 shares of the company’s stock valued at $240,000 after purchasing an additional 640 shares during the period. Finally, Naples Global Advisors LLC raised its holdings in shares of Alico by 8.5% in the 2nd quarter. Naples Global Advisors LLC now owns 57,050 shares of the company’s stock valued at $1,481,000 after purchasing an additional 4,450 shares in the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Alico to a “sell” rating in a report on Thursday, August 29th.

Alico Price Performance

Shares of ALCO stock opened at $26.44 on Monday. Alico, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $31.00. The stock’s 50-day simple moving average is $26.51 and its 200-day simple moving average is $26.80. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 2.67. The firm has a market capitalization of $201.47 million, a price-to-earnings ratio of 7.73 and a beta of 0.79.

Alico Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.20 annualized dividend and a yield of 0.76%. Alico’s dividend payout ratio is presently 5.85%.

Alico Profile

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.