Bard Associates Inc. Has $1.53 Million Holdings in Alico, Inc. (NASDAQ:ALCO)

Bard Associates Inc. boosted its stake in Alico, Inc. (NASDAQ:ALCO) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,684 shares of the company’s stock after buying an additional 806 shares during the quarter. Bard Associates Inc. owned approximately 0.72% of Alico worth $1,532,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Transcend Capital Advisors LLC grew its holdings in shares of Alico by 7.4% in the 2nd quarter. Transcend Capital Advisors LLC now owns 9,267 shares of the company’s stock worth $240,000 after purchasing an additional 640 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Alico by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 60,233 shares of the company’s stock worth $1,561,000 after purchasing an additional 846 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Alico by 8.2% in the first quarter. Empowered Funds LLC now owns 13,913 shares of the company’s stock valued at $407,000 after buying an additional 1,050 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of 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 buying an additional 1,593 shares in the last quarter. Finally, Accordant Advisory Group Inc raised its holdings in shares of Alico by 23.0% in the second quarter. Accordant Advisory Group Inc now owns 16,481 shares of the company’s stock valued at $427,000 after buying an additional 3,087 shares during the last quarter. 62.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Alico to a “sell” rating in a research note on Thursday, August 29th.

Alico Trading Down 1.7 %

NASDAQ:ALCO opened at $25.34 on Friday. Alico, Inc. has a 1-year low of $24.14 and a 1-year high of $31.00. The business’s 50-day moving average price is $26.76 and its two-hundred day moving average price is $26.92. The firm has a market capitalization of $193.09 million, a price-to-earnings ratio of 7.41 and a beta of 0.79. The company has a current ratio of 2.67, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30.

Alico Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Friday, September 27th. Alico’s dividend payout ratio (DPR) is 5.85%.

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.