NEW YORK ( TheStreet) -- Two small agriculture stocks that I've covered in columns over the past few weeks have been quietly making meaningful moves since those pieces ran. I've got to admit this is a bit out the ordinary for a value investor; where stories typically take months or years to play out, and where following such value related stocks can sometimes be about as interesting as watching the grass grow or paint dry.Not so this past week for ( Betting on Farmland ) Alico (ALCO - Get Report), which owns 130,800 Florida acres, primarily devoted to citrus, sugarcane and cattle production. On Friday, the company's top shareholder, Atlantic Blue Group, said it will sell its 50.5% stake in the company to private investment company 734 Agriculture, in partnership with Arlon Group. The purchase price for the majority stake in Alico is $137.8 million, or a seemingly disappointing $37 a share. Alico shares closed at $43 the day before the announcement, and the news sent shares down 11% on Friday. Yesterday, Alico closed at $38.36. ALCO data by YCharts
The Plot Thickens For Two Small Agriculture Names
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.