Riverwater Partners LLC Invests $273,000 in Alico, Inc. (NASDAQ:ALCO)

Riverwater Partners LLC acquired a new stake in Alico, Inc. (NASDAQ:ALCO) during the fourth quarter, Holdings Channel.com reports. The firm acquired 10,542 shares of the company’s stock, valued at approximately $273,000.

A number of other institutional investors have also made changes to their positions in ALCO. Perritt Capital Management Inc grew its holdings in Alico by 66.7% during the fourth quarter. Perritt Capital Management Inc now owns 5,000 shares of the company’s stock valued at $130,000 after purchasing an additional 2,000 shares during the last quarter. Barclays PLC boosted its holdings in shares of Alico by 229.2% during 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 during the period. Transcend Capital Advisors LLC boosted its holdings in shares of Alico by 6.8% during the 4th quarter. Transcend Capital Advisors LLC now owns 10,670 shares of the company’s stock worth $277,000 after buying an additional 684 shares during the period. Abundance Wealth Counselors bought a new position in Alico in the 4th quarter worth $286,000. Finally, JPMorgan Chase & Co. lifted its position in Alico by 50.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company’s stock worth $368,000 after acquiring an additional 4,432 shares during the last quarter. 62.28% of the stock is owned by institutional investors.

Alico Stock Performance

Shares of NASDAQ ALCO opened at $29.39 on Friday. Alico, Inc. has a 12 month low of $24.14 and a 12 month high of $34.08. The company has a market cap of $224.48 million, a P/E ratio of -4.96 and a beta of 0.81. The business’s 50 day moving average is $29.61 and its two-hundred day moving average is $27.98. The company has a quick ratio of 2.37, a current ratio of 4.84 and a debt-to-equity ratio of 0.42.

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

Alico Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, March 28th. Alico’s payout ratio is presently -3.38%.

Analyst Ratings Changes

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

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.