Alico (NASDAQ:ALCO) Raised to “Sell” at StockNews.com

StockNews.com upgraded shares of Alico (NASDAQ:ALCO) to a sell rating in a research report sent to investors on Friday.

Alico Price Performance

NASDAQ ALCO opened at $29.61 on Friday. The business has a 50 day simple moving average of $28.85 and a 200 day simple moving average of $27.77. Alico has a 52-week low of $24.14 and a 52-week high of $34.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 3.81. The stock has a market cap of $226.22 million, a price-to-earnings ratio of 32.19 and a beta of 0.81.

Alico (NASDAQ:ALCO) last posted its earnings results on Wednesday, February 12th. The company reported ($1.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.93) by ($0.27). Alico had a negative return on equity of 6.06% and a net margin of 14.95%. Analysts anticipate that Alico will post -0.37 earnings per share for the current fiscal year.

Alico Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Friday, December 27th. Alico’s dividend payout ratio (DPR) is currently 21.74%.

Hedge Funds Weigh In On Alico

A number of large investors have recently bought and sold shares of the company. Pacific Ridge Capital Partners LLC boosted its position in Alico by 39.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 310,977 shares of the company’s stock worth $8,064,000 after acquiring an additional 87,521 shares during the last quarter. Geode Capital Management LLC boosted its position in Alico by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 145,535 shares of the company’s stock worth $4,071,000 after acquiring an additional 9,366 shares during the last quarter. Peapod Lane Capital LLC acquired a new position in Alico during the 4th quarter worth approximately $3,380,000. State Street Corp boosted its position in Alico by 2.1% during the 3rd quarter. State Street Corp now owns 109,974 shares of the company’s stock worth $3,081,000 after acquiring an additional 2,313 shares during the last quarter. Finally, Bard Associates Inc. boosted its position in Alico by 6.8% during the 4th quarter. Bard Associates Inc. now owns 58,429 shares of the company’s stock worth $1,518,000 after acquiring an additional 3,745 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Alico Company Profile

Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus.