Trafelet Cuts ALICO Stake to 3.6%, Now Owns 268,563 Shares

TL;DR

**Remy Trafelet cut his ALICO stake to 3.6%, signaling a potential shift in his investment thesis.**

AI Summary

Remy W. Trafelet, an individual investor, has filed an amended SC 13G/A for ALICO, INC. (NASDAQ: ALCO), reporting beneficial ownership of 268,563 shares of Common Stock as of December 31, 2023. This represents a 3.6% stake in the company, a decrease from his previous filing. This matters to investors because a significant individual shareholder reducing their stake could signal a change in their outlook on the company's future performance or valuation.

Why It Matters

A notable individual investor, Remy W. Trafelet, has reduced his ownership in ALICO, INC., which could be interpreted as a loss of confidence or a strategic portfolio adjustment. This might influence other investors' perceptions of the stock.

Risk Assessment

Risk Level: medium — A reduction in a significant investor's stake can sometimes precede further stock price declines if other investors interpret it negatively.

Analyst Insight

Investors should monitor ALICO's stock performance and look for any further insider or institutional selling. It would be prudent to research the reasons behind Trafelet's reduced stake before making any investment decisions.

Key Numbers

• 268,563 — Shares Beneficially Owned (Represents the total number of ALICO, INC. common shares Remy W. Trafelet holds with sole voting and dispositive power.)
• 3.6% — Percentage of Class (Indicates the proportion of ALICO, INC.'s common stock owned by Remy W. Trafelet, showing a decrease from previous filings.)
• December 31, 2023 — Reporting Date (The specific date as of which the reported share ownership is accurate.)

Key Players & Entities

• Remy W. Trafelet (person) — individual reporting person who filed the SC 13G/A
• ALICO, INC. (company) — the subject company whose securities are being reported
• 268,563 (dollar_amount) — number of shares beneficially owned by Remy W. Trafelet
• 3.6% (dollar_amount) — percentage of ALICO, INC. common stock beneficially owned by Remy W. Trafelet
• December 31, 2023 (date) — date of the event requiring the filing of this statement

Forward-Looking Statements

• ALICO's stock price may experience short-term volatility as investors react to the reduced stake by Remy W. Trafelet. (ALICO, INC.) — medium confidence, target: Q1 2024
• Other institutional investors might re-evaluate their positions in ALICO, potentially leading to further selling pressure. (ALICO, INC.) — low confidence, target: Q2 2024

FAQ

Key Financial Figures

• $1.00 — INC. (Name of Issuer) Common Stock, $1.00 par value (Title of Class of Securiti

Filing Documents

• formsc13ga.htm (SC 13G/A) — 70KB
• 0001493152-24-001816.txt ( ) — 71KB

From the Filing

SC 13G/A 1 formsc13ga.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ___1___)* ALICO, INC. (Name of Issuer) Common Stock, $1.00 par value (Title of Class of Securities) 016230104 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: 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 (“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). CUSIP No. 016230104 13G Page 2 of 6 Pages 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Remy W. Trafelet 2 . CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3 . SEC USE ONLY 4 . CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 268,563* 6 . SHARED VOTING POWER 0 7 . SOLE DISPOSITIVE POWER 268,563* 8 . SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 268,563* 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.5%* 12. TYPE OF REPORTING PERSON (see instructions) IN CUSIP No. 016230104 13G Page 3 of 6 Pages Item 1. (a) Name of Issuer Alico, Inc. (b) Address of Issuer’s Principal Executive Offices 10070 Daniels Interstate Court Suite, 100 Fort Myers, FL, 33913 Item 2. (a) Name of Person Filing Remy W. Trafelet* (b) Address of the Principal Office or, if none, residence 231 Royal Palm Way Palm Beach, FL 33480 (c) Citizenship United (d) Title of Class of Securities Common Stock, $1.00 par value (e) CUSIP Number 016230104 Item 3. If This Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is: N/A CUSIP No. 016230104 13G Page 4 of 6 Pages Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: Remy W. Trafelet- 268,563* (b) Percent of class: Remy W. Trafelet- 3.5%* (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote Remy W. Trafelet- 268,563* (ii) Shared power to vote or to direct the vote Remy W. Trafelet- 0 (iii) Sole power to dispose or to direct the disposition of Remy W. Trafelet- 268,563* (iv) Shared power to dispose or to direct the disposition of Remy W. Trafelet-0 * The Common Stock (the “Shares”) of Alico, Inc., reported herein are held by the Remy W. Trafelet Revocable Trust (the “Trust”) of which Remy W. Trafelet is the grantor and beneficial owner of the revocable trust. Mr. Trafelet disclaims beneficial ownership of the Shares held by the Trust except to the extent of his pecuniary interest therein. This report shall not be deemed an admission that the reporting person or any other person are beneficial owners of the Shares for purposes of Section 13 of the Securities Exchange Act of 1934, as amended, or for any other purpose. The reporting person herein disclaims beneficial ownership of the Shares reported herein except to the extent of the reporting person’s pecuniary interest therein. The percentages herein are calculated based upon a statement in the Issuer’s From 10-K filed on December 6, 2023 for the fiscal year ended on September 30, 2023 that there were 7,616,081 Shares issued and outstanding as of December 4, 2023. CUSIP No. 016230104 13G Page 5 of 6 Pages Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following . Item 6. Ownership of More than Five Percent on Behalf of Another Person. N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. If a parent holding company or control person has filed this schedule, pursuant

View Full Filing

View this SC 13G/A filing on SEC EDGAR