Harbor Advisors LLC Buys Shares of 7,703 Alico, Inc. (NASDAQ:ALCO)

Harbor Advisors LLC bought a new position in Alico, Inc. (NASDAQ:ALCO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,703 shares of the company’s stock, valued at approximately $215,000.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Alico by 57.0% during the 1st quarter. Vanguard Group Inc. now owns 160,913 shares of the company’s stock worth $4,712,000 after acquiring an additional 58,428 shares during the period. Acuitas Investments LLC increased its position in Alico by 19.3% in the second quarter. Acuitas Investments LLC now owns 88,513 shares of the company’s stock worth $2,293,000 after purchasing an additional 14,291 shares during the period. CM Management LLC increased its position in shares of Alico by 4.7% in the second quarter. CM Management LLC now owns 225,000 shares of the company’s stock valued at $5,830,000 after acquiring an additional 10,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Alico by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 429,309 shares of the company’s stock valued at $11,124,000 after purchasing an additional 8,306 shares during the period. Finally, Accordant Advisory Group Inc increased its holdings in shares of Alico by 49.6% during the 3rd quarter. Accordant Advisory Group Inc now owns 24,657 shares of the company’s stock worth $690,000 after purchasing an additional 8,176 shares during the period. 62.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Alico Stock Down 1.3 %

Shares of ALCO opened at $26.44 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 2.67 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average of $26.22 and a 200 day moving average of $26.77. The company has a market cap of $201.47 million, a PE ratio of 7.73 and a beta of 0.79. Alico, Inc. has a 52-week low of $24.14 and a 52-week high of $31.00.

Alico Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders 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 annualized dividend and a dividend yield of 0.76%. Alico’s dividend payout ratio is currently 5.85%.

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.