Alico (NASDAQ:ALCO) Shares Cross Above 200-Day Moving Average – Here’s Why

Alico, Inc. (NASDAQ:ALCO)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.00 and traded as high as $29.28. Alico shares last traded at $29.00, with a volume of 46,244 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Alico to a “sell” rating in a research note on Friday, February 14th.

Alico Price Performance

The stock has a market capitalization of $220.89 million, a PE ratio of -4.89 and a beta of 0.83. The company’s 50 day simple moving average is $29.22 and its 200 day simple moving average is $28.01. The company has a current ratio of 4.84, a quick ratio of 2.37 and a debt-to-equity ratio of 0.42.

Alico (NASDAQ:ALCO) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($1.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.93) by ($0.27). Alico had a negative return on equity of 3.01% and a negative net margin of 91.09%. On average, equities analysts anticipate that Alico, Inc. will post -0.37 earnings per share for the current year.

Alico Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, March 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.69%. Alico’s dividend payout ratio is currently -3.38%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its position in shares of Alico by 8,107.1% during the 1st quarter. GAMMA Investing LLC now owns 2,298 shares of the company’s stock valued at $69,000 after acquiring an additional 2,270 shares in the last quarter. Perritt Capital Management Inc lifted its holdings in shares of Alico by 66.7% in the 4th quarter. Perritt Capital Management Inc now owns 5,000 shares of the company’s stock worth $130,000 after purchasing an additional 2,000 shares during the last quarter. Wells Fargo & Company MN boosted its position in Alico by 21.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,177 shares of the company’s stock valued at $134,000 after purchasing an additional 908 shares during the period. Barclays PLC lifted its stake in Alico by 229.2% in the third quarter. Barclays PLC now owns 9,336 shares of the company’s stock valued at $261,000 after buying an additional 6,500 shares during the last quarter. Finally, Riverwater Partners LLC bought a new position in shares of Alico during the fourth quarter worth about $273,000. 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.