Alico Director Gordon Walker is Behaving Bullishly Today

Alico Director Gordon Walker: On October 3rd, Gordon Walker, Director at Alico, Inc. (NASDAQ:ALCO), bought 683 shares of common stock at a price of $41.15, for a transaction worth $19,875 approximately. This is the first transaction completed by Mr. Walker, who assumed his role at the company on October 7th. Also, it is the first insider buy since Jerry Koesters’ purchase in March for 2,000 shares at a price of $22.91 each.

Alico Inc

Thomas E. Claugus‘s Gmt Capital Corp and Martin Whitman‘s Third Avenue Management are the major hedge funds holding a position in the company.

Alico is trading at $39.59 while paying $0.08 quarterly dividends, representing a 1.20% yield. The figures show an interesting recovery after being hit by the economic recession in 2007-2008. The stock’s price touched bottom on November 25, 2011, at $17.89, and this March it hit a peak of $46.67.

Although there have not been many insider purchases through the year, the company is a potential buy. Operating margin remains above 15%, while net margin is just below the same mark. Also, since the recession Alico has pursued a strategy to reduce debt levels, while closing the gap in cash flow. Return on assets is also a positive point for the firm at it ranks well above the average for the industry.

Disclosure: Jodor Jalit holds no position on any of the mentioned stocks.

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