Whitener Capital Management Inc. acquired a new stake in Alico, Inc. (NASDAQ:ALCO) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,000 shares of the company’s stock, valued at approximately $242,000. Whitener Capital Management Inc. owned 0.11% of Alico at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Alico by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 34,364 shares of the company’s stock valued at $1,013,000 after buying an additional 1,596 shares during the period. Towerview LLC raised its holdings in Alico by 5.3% in the first quarter. Towerview LLC now owns 92,000 shares of the company’s stock worth $2,503,000 after purchasing an additional 4,610 shares during the period. Finally, BlackRock Inc. raised its holdings in Alico by 1.8% in the fourth quarter. BlackRock Inc. now owns 248,476 shares of the company’s stock worth $7,330,000 after purchasing an additional 4,486 shares during the period. Institutional investors and hedge funds own 71.43% of the company’s stock.
ALCO traded down $0.17 during mid-day trading on Friday, hitting $31.97. The stock had a trading volume of 7,800 shares, compared to its average volume of 7,103. The stock’s fifty day simple moving average is $31.17 and its 200-day simple moving average is $29.01. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.89 and a quick ratio of 0.57. The firm has a market capitalization of $239.14 million, a price-to-earnings ratio of 11.46 and a beta of 0.76. Alico, Inc. has a 1-year low of $25.25 and a 1-year high of $34.65.
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 Water Resources and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruits for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which comprise contracting for the harvesting, marketing, and hauling of citrus.
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