Bessemer Group Inc. increased its holdings in shares of Alico, Inc. (NASDAQ:ALCO) by 16.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,032 shares of the company’s stock after buying an additional 432 shares during the period. Bessemer Group Inc.’s holdings in Alico were worth $89,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in Alico by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 349,815 shares of the company’s stock worth $11,824,000 after buying an additional 8,549 shares during the period. BlackRock Inc. increased its stake in Alico by 1.8% during the 4th quarter. BlackRock Inc. now owns 248,476 shares of the company’s stock worth $7,330,000 after buying an additional 4,486 shares during the period. Vanguard Group Inc. increased its stake in Alico by 16.5% during the 3rd quarter. Vanguard Group Inc. now owns 164,550 shares of the company’s stock worth $5,562,000 after buying an additional 23,285 shares during the period. Vanguard Group Inc grew its holdings in Alico by 16.5% during the 3rd quarter. Vanguard Group Inc now owns 164,550 shares of the company’s stock worth $5,562,000 after acquiring an additional 23,285 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Alico by 46.1% during the 3rd quarter. Renaissance Technologies LLC now owns 98,291 shares of the company’s stock worth $3,322,000 after acquiring an additional 31,000 shares in the last quarter. 71.11% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ ALCO opened at $27.18 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.47 and a current ratio of 1.97. Alico, Inc. has a 52 week low of $26.77 and a 52 week high of $34.65.
Alico (NASDAQ:ALCO) last posted its quarterly earnings results on Monday, February 11th. The company reported ($0.14) EPS for the quarter. Alico had a negative return on equity of 0.29% and a net margin of 2.34%. The firm had revenue of $14.78 million for the quarter.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, March 28th.
Separately, BidaskClub cut shares of Alico from a “buy” rating to a “hold” rating in a report on Saturday, December 1st.
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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 Water Resources and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruits for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which comprise contracting for the harvesting, marketing, and hauling of citrus.
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