22,028 Shares in Alico, Inc. $ALCO Acquired by Ellsworth Advisors LLC

by · The Markets Daily

Ellsworth Advisors LLC acquired a new position in Alico, Inc. (NASDAQ:ALCO – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,028 shares of the company’s stock, valued at approximately $657,000. Ellsworth Advisors LLC owned approximately 0.29% of Alico as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its stake in Alico by 99.7% in the first quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 16,695 shares of the company’s stock worth $498,000 after purchasing an additional 8,335 shares in the last quarter. Penn Mutual Asset Management bought a new stake in Alico during the 1st quarter valued at $627,000. Russell Investments Group Ltd. boosted its position in Alico by 4,016.2% during the 1st quarter. Russell Investments Group Ltd. now owns 29,513 shares of the company’s stock valued at $881,000 after acquiring an additional 28,796 shares in the last quarter. Nuveen LLC bought a new stake in Alico during the 1st quarter valued at $178,000. Finally, Invesco Ltd. boosted its position in Alico by 8.2% during the 1st quarter. Invesco Ltd. now owns 19,169 shares of the company’s stock valued at $572,000 after acquiring an additional 1,458 shares in the last quarter. Institutional investors own 62.28% of the company’s stock.

Alico Stock Up 1.4%

Alico stock opened at $34.15 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 9.37 and a quick ratio of 8.87. The stock has a market capitalization of $261.08 million, a price-to-earnings ratio of -1.66 and a beta of 1.01. Alico, Inc. has a 1-year low of $24.23 and a 1-year high of $35.01. The business has a fifty day moving average price of $33.04 and a 200-day moving average price of $31.09.

Alico (NASDAQ:ALCO – Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($2.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.09) by ($1.30). The business had revenue of $8.39 million during the quarter, compared to analyst estimates of $16.90 million. Alico had a negative return on equity of 58.27% and a negative net margin of 355.13%. Equities research analysts forecast that Alico, Inc. will post -0.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Alico from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 22nd.

Read Our Latest Stock Report on ALCO

Insider Buying and Selling at Alico

In other news, Director Henry R. Slack sold 3,548 shares of the firm’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $34.29, for a total value of $121,660.92. Following the completion of the sale, the director owned 35,188 shares of the company’s stock, valued at $1,206,596.52. This trade represents a 9.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 31,250 shares of company stock valued at $1,036,157. 8.30% of the stock is owned by company insiders.

Alico Profile

(Free Report)

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.

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