Accordant Advisory Group Inc Purchases 8,176 Shares of Alico, Inc. (NASDAQ:ALCO)

Accordant Advisory Group Inc increased its position in shares of Alico, Inc. (NASDAQ:ALCO) by 49.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,657 shares of the company’s stock after buying an additional 8,176 shares during the quarter. Accordant Advisory Group Inc owned 0.32% of Alico worth $690,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ALCO. EntryPoint Capital LLC acquired a new position in Alico during the 1st quarter worth approximately $99,000. BNP Paribas Financial Markets grew its position in Alico by 80.1% in the first quarter. BNP Paribas Financial Markets now owns 3,582 shares of the company’s stock valued at $105,000 after purchasing an additional 1,593 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Alico in the 1st quarter valued at $217,000. Transcend Capital Advisors LLC increased its stake in Alico by 7.4% in the 2nd quarter. Transcend Capital Advisors LLC now owns 9,267 shares of the company’s stock valued at $240,000 after buying an additional 640 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in Alico by 8.2% during the 1st quarter. Empowered Funds LLC now owns 13,913 shares of the company’s stock worth $407,000 after buying an additional 1,050 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Alico Stock Up 0.7 %

ALCO stock opened at $26.04 on Wednesday. The company has a market cap of $198.53 million, a price-to-earnings ratio of 4.96 and a beta of 0.77. Alico, Inc. has a twelve month low of $23.55 and a twelve month high of $31.00. The business has a 50 day moving average price of $27.78 and a two-hundred day moving average price of $27.18. The company has a quick ratio of 0.90, a current ratio of 2.67 and a debt-to-equity ratio of 0.30.

Alico (NASDAQ:ALCO) last issued its earnings results on Monday, August 5th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.02). Alico had a negative return on equity of 6.72% and a net margin of 56.13%. The firm had revenue of $13.61 million for the quarter, compared to analyst estimates of $17.80 million. Analysts anticipate that Alico, Inc. will post -5.6 EPS for the current fiscal year.

Alico Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a $0.05 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.77%. Alico’s payout ratio is 3.81%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Alico to a “sell” rating in a report on Thursday, August 29th.

Alico 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 Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus.