Marquette Asset Management LLC Acquires Shares of 15,771 Alico, Inc. $ALCO

Marquette Asset Management LLC acquired a new position in shares of Alico, Inc. (NASDAQ:ALCO) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,771 shares of the company’s stock, valued at approximately $652,000. Marquette Asset Management LLC owned approximately 0.21% of Alico at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ALCO. Byrne Asset Management LLC lifted its position in shares of Alico by 15.5% during the second quarter. Byrne Asset Management LLC now owns 5,011 shares of the company’s stock worth $207,000 after purchasing an additional 671 shares during the last quarter. Oak Family Advisors LLC grew its stake in Alico by 6.3% in the first quarter. Oak Family Advisors LLC now owns 61,300 shares of the company’s stock worth $2,529,000 after purchasing an additional 3,645 shares in the last quarter. Hanson & Doremus Investment Management bought a new stake in Alico in the first quarter valued at about $43,000. Millennium Management LLC raised its stake in Alico by 73.2% during the fourth quarter. Millennium Management LLC now owns 20,677 shares of the company’s stock valued at $752,000 after buying an additional 8,736 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Alico by 5.4% during the fourth quarter. AQR Capital Management LLC now owns 12,416 shares of the company’s stock valued at $452,000 after buying an additional 640 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Wall Street Analyst Weigh In

ALCO has been the subject of several research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Alico in a research report on Friday, July 17th. Wall Street Zen upgraded Alico from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Freedom Capital downgraded shares of Alico from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $45.00.

Alico Price Performance

Shares of NASDAQ ALCO opened at $39.06 on Tuesday. Alico, Inc. has a twelve month low of $31.32 and a twelve month high of $45.01. The company has a current ratio of 9.63, a quick ratio of 9.39 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average of $40.21 and a two-hundred day moving average of $40.74. The company has a market capitalization of $289.83 million, a price-to-earnings ratio of -15.88 and a beta of 0.91.

Alico (NASDAQ:ALCO) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.74) by $1.03. Alico had a negative net margin of 115.00% and a negative return on equity of 38.92%. The company had revenue of $9.04 million for the quarter, compared to analysts’ expectations of $2.75 million. As a group, analysts expect that Alico, Inc. will post -3.52 earnings per share for the current fiscal year.

Alico Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd were given a $0.05 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $0.20 annualized dividend and a yield of 0.5%. Alico’s payout ratio is -8.13%.

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.