Peapod Lane Capital LLC Makes New Investment in Alico, Inc. (NASDAQ:ALCO)

Peapod Lane Capital LLC bought a new stake in shares of Alico, Inc. (NASDAQ:ALCO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 130,370 shares of the company’s stock, valued at approximately $3,380,000. Alico makes up approximately 3.4% of Peapod Lane Capital LLC’s investment portfolio, making the stock its 6th largest position.

Several other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Alico by 3.8% during 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 period. State Street Corp increased its position in Alico by 2.1% during the 3rd quarter. State Street Corp now owns 109,974 shares of the company’s stock valued at $3,081,000 after purchasing an additional 2,313 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Alico by 50.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company’s stock valued at $368,000 after purchasing an additional 4,432 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Alico by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 145,535 shares of the company’s stock worth $4,071,000 after purchasing an additional 9,366 shares during the period. Finally, Abundance Wealth Counselors bought a new position in shares of Alico during the fourth quarter valued at approximately $286,000. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Alico Stock Performance

Shares of ALCO stock opened at $30.15 on Thursday. The firm has a market cap of $230.35 million, a price-to-earnings ratio of 32.77 and a beta of 0.81. Alico, Inc. has a 52-week low of $24.14 and a 52-week high of $34.08. The company has a quick ratio of 0.99, a current ratio of 3.81 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $28.75 and its 200 day moving average is $27.74.

Alico (NASDAQ:ALCO) last announced its earnings results on Wednesday, February 12th. The company reported ($1.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.93) by ($0.27). Alico had a net margin of 14.95% and a negative return on equity of 6.06%. On average, sell-side analysts anticipate that Alico, Inc. will post -0.37 EPS for the current fiscal year.

Alico Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.20 annualized dividend and a yield of 0.66%. Alico’s dividend payout ratio (DPR) is presently 21.74%.

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.