Alico, Inc. (NASDAQ:ALCO) major shareholder Remy W. Trafelet sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $33.27, for a total transaction of $33,270.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Remy W. Trafelet also recently made the following trade(s):
- On Friday, November 22nd, Remy W. Trafelet sold 7,588 shares of Alico stock. The shares were sold at an average price of $33.58, for a total transaction of $254,805.04.
NASDAQ:ALCO traded up $0.16 during mid-day trading on Friday, hitting $33.86. 1,534 shares of the company’s stock traded hands, compared to its average volume of 9,677. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.57 and a current ratio of 1.89. The firm’s 50 day simple moving average is $32.92 and its 200 day simple moving average is $31.08. Alico, Inc. has a 1 year low of $25.25 and a 1 year high of $34.69. The company has a market cap of $253.60 million, a PE ratio of 12.29 and a beta of 0.78.
Separately, BidaskClub upgraded shares of Alico from a “hold” rating to a “buy” rating in a report on Monday.
Large investors have recently bought and sold shares of the business. State Street Corp grew its holdings in shares of Alico by 1.0% during the third quarter. State Street Corp now owns 63,199 shares of the company’s stock worth $2,154,000 after buying an additional 653 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Alico by 11.4% during the third quarter. California Public Employees Retirement System now owns 7,653 shares of the company’s stock worth $260,000 after buying an additional 786 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Alico during the third quarter worth about $240,000. Morgan Stanley grew its holdings in shares of Alico by 329.5% during the second quarter. Morgan Stanley now owns 4,793 shares of the company’s stock worth $145,000 after buying an additional 3,677 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Alico by 48.2% during the second quarter. Vanguard Group Inc. now owns 296,879 shares of the company’s stock worth $9,008,000 after buying an additional 96,490 shares in the last quarter. Hedge funds and other institutional investors own 69.91% of the company’s stock.
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 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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