11,021 Shares in Alico, Inc. (NASDAQ:ALCO) Purchased by Abundance Wealth Counselors

Abundance Wealth Counselors purchased a new stake in Alico, Inc. (NASDAQ:ALCO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 11,021 shares of the company’s stock, valued at approximately $286,000.

Several other institutional investors have also recently made changes to their positions in ALCO. Harbor Advisors LLC acquired a new stake in Alico in the third quarter valued at $215,000. Barclays PLC lifted its stake in Alico by 229.2% in the 3rd quarter. Barclays PLC now owns 9,336 shares of the company’s stock valued at $261,000 after purchasing an additional 6,500 shares during the last quarter. JPMorgan Chase & Co. increased its position in Alico by 50.9% during the third quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company’s stock worth $368,000 after buying an additional 4,432 shares during the last quarter. Empowered Funds LLC raised its stake in Alico by 5.4% in the third quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock valued at $442,000 after buying an additional 804 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Alico by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company’s stock valued at $537,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Alico Price Performance

Shares of ALCO opened at $30.89 on Friday. The firm has a market capitalization of $236.00 million, a PE ratio of 33.58 and a beta of 0.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.81 and a quick ratio of 0.99. The company’s 50-day moving average is $28.18 and its 200-day moving average is $27.57. Alico, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $34.08.

Alico Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.65%. Alico’s payout ratio is 21.74%.

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.