Transcend Capital Advisors LLC Purchases 684 Shares of Alico, Inc. (NASDAQ:ALCO)

Transcend Capital Advisors LLC raised its position in shares of Alico, Inc. (NASDAQ:ALCO) by 6.8% in the fourth quarter, HoldingsChannel reports. The fund owned 10,670 shares of the company’s stock after acquiring an additional 684 shares during the period. Transcend Capital Advisors LLC’s holdings in Alico were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings 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 worth $537,000 after acquiring an additional 700 shares during the period. State Street Corp raised its position in shares of Alico by 2.1% in the third quarter. State Street Corp now owns 109,974 shares of the company’s stock valued at $3,081,000 after buying an additional 2,313 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Alico by 50.9% in the third quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company’s stock valued at $368,000 after buying an additional 4,432 shares in the last quarter. Empowered Funds LLC raised its position in shares of Alico by 5.1% in the fourth quarter. Empowered Funds LLC now owns 16,607 shares of the company’s stock valued at $431,000 after buying an additional 810 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Alico by 6.9% in the third quarter. Geode Capital Management LLC now owns 145,535 shares of the company’s stock valued at $4,071,000 after buying an additional 9,366 shares in the last quarter. Institutional investors own 62.28% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Alico to a “sell” rating in a research report on Friday, February 14th.

Alico Stock Up 0.7 %

NASDAQ ALCO opened at $29.75 on Monday. The company has a current ratio of 4.84, a quick ratio of 2.37 and a debt-to-equity ratio of 0.42. Alico, Inc. has a 1-year low of $24.14 and a 1-year high of $34.08. The company has a 50 day moving average of $29.16 and a 200-day moving average of $27.80. The company has a market cap of $227.23 million, a price-to-earnings ratio of -5.03 and a beta of 0.81.

Alico (NASDAQ:ALCO) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($1.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.93) by ($0.27). Alico had a negative net margin of 91.09% and a negative return on equity of 3.01%. On average, equities research analysts expect that Alico, Inc. will post -0.37 earnings per share for the current fiscal year.

Alico Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.20 annualized dividend and a yield of 0.67%. Alico’s dividend payout ratio is currently -3.38%.

Alico Company 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.