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Alico Inc (ALCO): GMT Capital Trims Some Shares

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Thomas E. Claugus GMT Capital reported slightly lowering its stake in Alico Inc (NASDAQ:ALCO) via an amended 13G filing with the Securities and Exchange Commission. The fund’s stake now counts 579,012 shares, which account for 6.97% of the company’s outstanding stock, having been lowered from 581,681 shares held at the end of June.

Alico Inc (NASDAQ:ALCO) is an agribusiness and land management company that runs four divisions: Citrus Groves, Ranch and Conservation, Agricultural Supply Chain Management, and Improved Farmland. Over the past 12 months, the company’s stock has lost 42.7%. For the third quarter of its fiscal 2016, Alico reported earnings per share of $0.56 and revenue of $46.85 million, compared to EPS of $1.11 and revenue of $71.67 million for the same period of its fiscal 2015.

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Among the biggest investors of Alico Inc (NASDAQ:ALCO) from within our database at the end of June were Remy Trafelet’s Trafelet Capital (347,992 shares), Daniel Beltzman and Gergory Smith’s Birch Run Capital (275,721 shares), Martin Whitman’s Third Avenue Management (129,733 shares), and Jim Simons’ Renaissance Technologies (59,691 shares).

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Bay Resource Partners 152,960 152,960 1.84%
Bay II Resource Partners 106,320 106,320 3.41%
Bay Resource Partners Offshore Master Fund 283,657 283,657 6.97%
GMT Capital Corp. – 579,012 579,012 6.97%
Thomas E. Claugus – 579,012 579,012

Thomas E. Claugus
Thomas E. Claugus
GMT Capital

Page 1 of 10 – SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 6)*

Alico, Inc.
——————————————————————————-
(Name of Issuer)

COMMON STOCK, (PAR VALUE $1.00 Per Share)
——————————————————————————-
(Title of Class of Securities)

016230104

————————————————————
(CUSIP Number)

October 17, 2016
————————————————————
(Date of Event which Requires Filing of this Statement)

CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE
IS FILED:

[X] RULE 13D-1(B)

[ ] RULE 13D-1(C)

[ ] RULE 13D-1(D)

*THE REMAINDER OF THIS COVER PAGE SHALL BE FILLED OUT FOR A REPORTING
PERSON’S INITIAL FILING ON THIS FORM WITH RESPECT TO THE SUBJECT CLASS OF
SECURITIES, AND FOR ANY SUBSEQUENT AMENDMENT CONTAINING INFORMATION WHICH
WOULD ALTER DISCLOSURES PROVIDED IN A PRIOR COVER PAGE.

THE INFORMATION REQUIRED ON THE REMAINDER OF THIS COVER PAGE SHALL NOT
BE DEEMED TO BE “FILED” FOR THE PURPOSE OF SECTION 18 OF THE SECURITIES
EXCHANGE ACT OF 1934 (THE “ACT”) OR OTHERWISE SUBJECT TO THE LIABILITIES
OF THAT SECTION OF THE ACT BUT SHALL BE SUBJECT TO ALL OTHER PROVISIONS
OF THE ACT (HOWEVER, SEE THE NOTES).

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