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.
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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