Redmont Wealth Advisors LLC Sells 963 Shares of Alico, Inc. (NASDAQ:ALCO)

Redmont Wealth Advisors LLC trimmed its position in Alico, Inc. (NASDAQ:ALCO) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,614 shares of the company’s stock after selling 963 shares during the quarter. Redmont Wealth Advisors LLC owned approximately 0.24% of Alico worth $483,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Harbor Advisors LLC purchased a new stake in shares of Alico in the 3rd quarter valued at $215,000. Barclays PLC boosted its position in shares of Alico by 229.2% in the 3rd quarter. Barclays PLC now owns 9,336 shares of the company’s stock worth $261,000 after purchasing an additional 6,500 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Alico by 50.9% during the third quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company’s stock valued at $368,000 after acquiring an additional 4,432 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Alico by 5.4% in the third quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock worth $442,000 after buying an additional 804 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Alico by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company’s stock valued at $537,000 after purchasing an additional 700 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

Alico Trading Down 2.7 %

Shares of NASDAQ:ALCO opened at $30.96 on Thursday. The stock’s 50-day simple moving average is $27.40 and its two-hundred day simple moving average is $27.31. The stock has a market capitalization of $236.53 million, a price-to-earnings ratio of 33.65 and a beta of 0.80. Alico, Inc. has a 52-week low of $24.14 and a 52-week high of $34.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 3.81.

Alico Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.65%. Alico’s payout ratio is 21.74%.

Alico Company 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.