Towerview LLC Sells 17,749 Shares of Alico, Inc. $ALCO

Towerview LLC trimmed its holdings in Alico, Inc. (NASDAQ:ALCO) by 14.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,251 shares of the company’s stock after selling 17,749 shares during the quarter. Alico comprises approximately 2.7% of Towerview LLC’s portfolio, making the stock its 8th largest holding. Towerview LLC’s holdings in Alico were worth $3,793,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Alico by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 259,666 shares of the company’s stock worth $9,000,000 after purchasing an additional 4,064 shares in the last quarter. Peapod Lane Capital LLC raised its position in shares of Alico by 0.7% during the 4th quarter. Peapod Lane Capital LLC now owns 133,701 shares of the company’s stock valued at $4,864,000 after buying an additional 983 shares during the period. Accordant Advisory Group Inc raised its position in shares of Alico by 39.4% during the 4th quarter. Accordant Advisory Group Inc now owns 94,411 shares of the company’s stock valued at $3,435,000 after buying an additional 26,688 shares during the period. Oak Family Advisors LLC raised its position in Alico by 12.1% in the fourth quarter. Oak Family Advisors LLC now owns 57,655 shares of the company’s stock valued at $2,097,000 after purchasing an additional 6,238 shares during the period. Finally, UBS Group AG raised its position in Alico by 2.0% in the third quarter. UBS Group AG now owns 27,239 shares of the company’s stock valued at $944,000 after purchasing an additional 523 shares during the period. 62.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Roth Mkm set a $45.00 price target on shares of Alico and gave the stock a “buy” rating in a research note on Friday, March 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alico in a research note on Monday, April 20th. Finally, Wall Street Zen cut shares of Alico from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Alico currently has an average rating of “Hold” and an average price target of $45.00.

Alico Stock Down 0.1%

Shares of NASDAQ ALCO opened at $40.65 on Tuesday. Alico, Inc. has a 1 year low of $29.04 and a 1 year high of $45.01. The firm’s 50 day moving average price is $41.05 and its 200 day moving average price is $38.54. The firm has a market cap of $311.38 million, a P/E ratio of -2.19 and a beta of 0.95. The company has a debt-to-equity ratio of 0.82, a quick ratio of 13.02 and a current ratio of 14.39.

Alico Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Friday, April 3rd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, April 2nd. Alico’s dividend payout ratio (DPR) is currently -1.08%.

Alico Profile

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.