This is Trafelet’s first Sell trade following 31 Buy transactions. Following Remy Trafelet’s last ALCO Sell transaction on March 28, 2016, the stock climbed by 6.4%.
Based on Alico’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $26.52 million and quarterly net profit of $9.1 million. In comparison, last year the company earned revenue of $4.67 million and had a GAAP net loss of $19.03 million. Currently, Alico has an average volume of 6,659.
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Alico, Inc. is a holding company, which engages in the production of citrus, sugarcane, and cattle ranching. It operates through the following segments: Alico Citrus, Conservation and Environmental Resources, and Other Operations.