JPMorgan Chase & Co. Buys 4,432 Shares of Alico, Inc. (NASDAQ:ALCO)

JPMorgan Chase & Co. increased its position in Alico, Inc. (NASDAQ:ALCO) by 50.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,140 shares of the company’s stock after purchasing an additional 4,432 shares during the period. JPMorgan Chase & Co.’s holdings in Alico were worth $368,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Alico by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 429,309 shares of the company’s stock worth $11,124,000 after buying an additional 8,306 shares during the last quarter. Accordant Advisory Group Inc increased its position in shares of Alico by 49.6% during the third 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 in the last quarter. Bard Associates Inc. raised its holdings in Alico by 1.5% in the 3rd quarter. Bard Associates Inc. now owns 54,684 shares of the company’s stock worth $1,532,000 after acquiring an additional 806 shares during the last quarter. Empowered Funds LLC lifted its position in Alico by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock valued at $442,000 after acquiring an additional 804 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted 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 purchasing an additional 700 shares during the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Alico Stock Down 0.4 %

ALCO stock opened at $31.06 on Thursday. The stock has a market capitalization of $237.30 million, a P/E ratio of 33.76 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. Alico, Inc. has a 1-year low of $24.14 and a 1-year high of $34.08. The business has a fifty day moving average price of $27.99 and a 200-day moving average price of $27.51.

Alico Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Friday, December 27th. Alico’s dividend payout ratio (DPR) is 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.