Barclays PLC Boosts Position in Alico, Inc. (NASDAQ:ALCO)

Barclays PLC boosted its position in shares of Alico, Inc. (NASDAQ:ALCO) by 229.2% in the third quarter, Holdings Channel reports. The fund owned 9,336 shares of the company’s stock after purchasing an additional 6,500 shares during the quarter. Barclays PLC’s holdings in Alico were worth $261,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of ALCO. Harbor Advisors LLC bought a new stake in Alico during the third quarter valued at about $215,000. Empowered Funds LLC boosted its stake in shares of Alico by 5.4% in the third quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock worth $442,000 after acquiring an additional 804 shares during the period. Charles Schwab Investment Management Inc. boosted its stake 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 worth $537,000 after acquiring an additional 700 shares during the period. Accordant Advisory Group Inc boosted its stake in shares of Alico by 49.6% in the third quarter. Accordant Advisory Group Inc now owns 24,657 shares of the company’s stock worth $690,000 after acquiring an additional 8,176 shares during the period. Finally, Bard Associates Inc. boosted its stake in Alico by 1.5% during the third quarter. Bard Associates Inc. now owns 54,684 shares of the company’s stock valued at $1,532,000 after buying an additional 806 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

Alico Price Performance

Shares of Alico stock opened at $26.33 on Monday. The stock has a 50 day moving average of $26.04 and a 200 day moving average of $26.83. Alico, Inc. has a 12 month low of $24.14 and a 12 month high of $30.75. The firm has a market cap of $200.98 million, a PE ratio of 28.62 and a beta of 0.80. The company has a current ratio of 3.81, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35.

Alico Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.76%. 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.