Alico (ALCO) Lowered to “D+” at TheStreet

TheStreet lowered shares of Alico (NASDAQ:ALCO) from a c rating to a d+ rating in a report released on Tuesday morning.

Alico (NASDAQ:ALCO) traded down $0.80 during mid-day trading on Tuesday, hitting $31.40. The stock had a trading volume of 11,700 shares, compared to its average volume of 7,288. The firm has a market cap of $259.58, a P/E ratio of 201.25 and a beta of 1.33. The company has a current ratio of 4.16, a quick ratio of 2.12 and a debt-to-equity ratio of 1.09. Alico has a 1-year low of $25.50 and a 1-year high of $34.80.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.76%. Alico’s payout ratio is -20.69%.

Several hedge funds have recently added to or reduced their stakes in ALCO. Wendell David Associates Inc. acquired a new stake in shares of Alico during the 3rd quarter worth $610,000. Dimensional Fund Advisors LP increased its holdings in shares of Alico by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 288,827 shares of the company’s stock worth $9,040,000 after buying an additional 17,540 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Alico by 71.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 21,479 shares of the company’s stock worth $734,000 after buying an additional 8,917 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. acquired a new stake in shares of Alico during the 2nd quarter worth $204,000. Finally, Northern Trust Corp increased its holdings in shares of Alico by 11.6% during the 2nd quarter. Northern Trust Corp now owns 47,156 shares of the company’s stock worth $1,476,000 after buying an additional 4,893 shares during the last quarter. Institutional investors and hedge funds own 74.48% of the company’s stock.

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Alico Company Profile

Alico, Inc is an agribusiness and natural resources management company. The Company’s segments include Orange Co, Conservation and Environmental Resources and, Other Operations. Its principal lines of business are citrus groves, cattle ranching and conservation. The Orange Co segment includes activities related to planting, owning, cultivating and/or managing citrus groves in order 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.

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