Bard Associates Inc. Has $1.52 Million Stock Holdings in Alico, Inc. (NASDAQ:ALCO)

Bard Associates Inc. raised its stake in Alico, Inc. (NASDAQ:ALCO) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,429 shares of the company’s stock after purchasing an additional 3,745 shares during the period. Bard Associates Inc. owned 0.76% of Alico worth $1,518,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ALCO. Harbor Advisors LLC bought a new stake in Alico in the 3rd quarter valued at about $215,000. Barclays PLC increased its holdings in shares of Alico by 229.2% during the third quarter. Barclays PLC now owns 9,336 shares of the company’s stock valued at $261,000 after acquiring an additional 6,500 shares in the last quarter. Transcend Capital Advisors LLC raised its position in shares of Alico by 6.8% during the fourth quarter. Transcend Capital Advisors LLC now owns 10,670 shares of the company’s stock worth $277,000 after purchasing an additional 684 shares during the period. Abundance Wealth Counselors acquired a new position in shares of Alico during the fourth quarter worth approximately $286,000. Finally, JPMorgan Chase & Co. grew its position in 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 during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

Alico Trading Down 1.2 %

ALCO opened at $29.03 on Tuesday. Alico, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $34.08. The firm has a market capitalization of $221.73 million, a PE ratio of -4.90 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.84 and a quick ratio of 2.37. The company’s 50-day moving average is $29.52 and its 200 day moving average is $27.87.

Alico (NASDAQ:ALCO) last posted its 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%. As a group, research analysts predict that Alico, Inc. will post -0.37 earnings per share for the current fiscal year.

Alico Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a $0.05 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.69%. Alico’s payout ratio is -3.38%.

Analyst Upgrades and Downgrades

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

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.