Alico, Inc. (NASDAQ:ALCO) Shares Sold by Oak Family Advisors LLC

Oak Family Advisors LLC decreased its holdings in shares of Alico, Inc. (NASDAQ:ALCO) by 33.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 72,243 shares of the company’s stock after selling 36,743 shares during the period. Oak Family Advisors LLC’s holdings in Alico were worth $1,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Alico by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company’s stock worth $537,000 after buying an additional 700 shares in the last quarter. Empowered Funds LLC lifted its position in Alico by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock worth $442,000 after buying an additional 804 shares in the last quarter. Bard Associates Inc. increased its stake in shares of Alico by 1.5% during the 3rd quarter. Bard Associates Inc. now owns 54,684 shares of the company’s stock worth $1,532,000 after purchasing an additional 806 shares during the last quarter. State Street Corp increased its stake in shares of Alico by 2.1% during the 3rd quarter. State Street Corp now owns 109,974 shares of the company’s stock worth $3,081,000 after purchasing an additional 2,313 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Alico by 50.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company’s stock valued at $368,000 after buying an additional 4,432 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Alico Stock Performance

NASDAQ:ALCO opened at $30.89 on Monday. The company has a current ratio of 3.81, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $236.00 million, a PE ratio of 33.58 and a beta of 0.80. The firm’s fifty day simple moving average is $28.18 and its 200 day simple moving average is $27.58. Alico, Inc. has a 1 year low of $24.14 and a 1 year high of $34.08.

Alico Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Friday, December 27th. Alico’s payout ratio is 21.74%.

About Alico

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.