Geode Capital Management LLC Purchases 9,366 Shares of Alico, Inc. (NASDAQ:ALCO)

Geode Capital Management LLC raised its position in shares of Alico, Inc. (NASDAQ:ALCO) by 6.9% in the third quarter, Holdings Channel reports. The firm owned 145,535 shares of the company’s stock after acquiring an additional 9,366 shares during the quarter. Geode Capital Management LLC’s holdings in Alico were worth $4,071,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ALCO. Harbor Advisors LLC bought a new stake in shares of Alico during the third quarter valued at approximately $215,000. Barclays PLC increased its holdings in Alico by 229.2% in the 3rd quarter. Barclays PLC now owns 9,336 shares of the company’s stock worth $261,000 after buying an additional 6,500 shares in the last quarter. Empowered Funds LLC raised its position in Alico by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock worth $442,000 after buying an additional 804 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Alico by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company’s stock valued at $537,000 after acquiring an additional 700 shares during the period. Finally, Accordant Advisory Group Inc boosted its holdings in shares of Alico by 49.6% during the 3rd quarter. Accordant Advisory Group Inc now owns 24,657 shares of the company’s stock valued at $690,000 after acquiring an additional 8,176 shares during the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Alico Stock Performance

Shares of ALCO stock opened at $26.33 on Monday. The firm has a market capitalization of $200.98 million, a PE ratio of 28.62 and a beta of 0.80. The company has a 50 day moving average price of $26.04 and a 200-day moving average price of $26.83. Alico, Inc. has a 52 week low of $24.14 and a 52 week high of $30.75. The company has a quick ratio of 0.99, a current ratio of 3.81 and a debt-to-equity ratio of 0.35.

Alico Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, December 27th. Alico’s payout ratio is currently 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.