Bank of New York Mellon Corp grew its position in Alico, Inc. (NASDAQ:ALCO) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,612 shares of the company’s stock after acquiring an additional 1,426 shares during the quarter. Bank of New York Mellon Corp’s holdings in Alico were worth $837,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in ALCO. Towerview LLC lifted its position in shares of Alico by 3.3% in the 2nd quarter. Towerview LLC now owns 95,000 shares of the company’s stock worth $2,882,000 after acquiring an additional 3,000 shares during the period. Whitener Capital Management Inc. bought a new stake in shares of Alico in the 2nd quarter worth approximately $242,000. JPMorgan Chase & Co. lifted its position in shares of Alico by 107.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,202 shares of the company’s stock worth $66,000 after acquiring an additional 1,141 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Alico by 8.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 17,764 shares of the company’s stock worth $539,000 after acquiring an additional 1,365 shares during the period. Institutional investors own 26.86% of the company’s stock.
Shares of ALCO stock opened at $33.96 on Friday. The stock has a 50 day moving average of $32.56 and a two-hundred day moving average of $29.81. The company has a current ratio of 1.89, a quick ratio of 0.57 and a debt-to-equity ratio of 0.87. Alico, Inc. has a 12 month low of $25.25 and a 12 month high of $34.69. The company has a market capitalization of $253.92 million, a P/E ratio of 12.30 and a beta of 0.78.
Alico (NASDAQ:ALCO) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $2.13 EPS for the quarter. Alico had a return on equity of 11.76% and a net margin of 17.99%. The company had revenue of $57.57 million during the quarter.
The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.71%.
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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