13,151 Shares in Alico, Inc. $ALCO Bought by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC acquired a new position in Alico, Inc. (NASDAQ:ALCO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,151 shares of the company’s stock, valued at approximately $478,000. Cary Street Partners Financial LLC owned approximately 0.17% of Alico as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ALCO. Rhumbline Advisers grew its position in Alico by 45.2% in the 2nd quarter. Rhumbline Advisers now owns 15,598 shares of the company’s stock worth $510,000 after purchasing an additional 4,859 shares in the last quarter. American Century Companies Inc. bought a new stake in Alico in the 2nd quarter worth about $332,000. Raymond James Financial Inc. bought a new stake in Alico in the 2nd quarter worth about $28,000. Jane Street Group LLC bought a new stake in Alico in the 2nd quarter worth about $439,000. Finally, Tower Research Capital LLC TRC grew its position in Alico by 792.7% in the 2nd 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 in the last quarter. 62.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ALCO has been the topic of a number of recent analyst reports. Freedom Capital lowered Alico from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Roth Mkm set a $45.00 price target on Alico and gave the stock a “buy” rating in a report on Friday, March 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alico in a report on Monday, April 20th. Finally, Wall Street Zen upgraded Alico from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $45.00.

Alico Stock Performance

NASDAQ ALCO opened at $40.65 on Friday. Alico, Inc. has a 52-week low of $30.89 and a 52-week high of $45.01. The company has a 50-day simple moving average of $41.50 and a 200 day simple moving average of $39.17. 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 company has a market capitalization of $301.62 million, a PE ratio of -16.52 and a beta of 0.95.

Alico Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Friday, April 3rd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, April 2nd. Alico’s dividend payout ratio is -8.13%.

Alico Company 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.