Positive News Coverage Somewhat Likely to Affect Alico (NASDAQ:ALCO) Share Price
Headlines about Alico (NASDAQ:ALCO) have been trending positive on Sunday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alico earned a daily sentiment score of 0.40 on Accern’s scale. Accern also gave press coverage about the company an impact score of 58 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
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- Liveperson Inc Has Returned 51.0% Since SmarTrend Recommendation (LPSN) (mysmartrend.com)
- Insider Buying: Alico, Inc. (ALCO) Director Acquires 1,972 Shares of Stock (americanbankingnews.com)
- Reading Between The Lines on EKSONS CORPORATION BERHAD (healthcaremenu.net)
Alico (NASDAQ ALCO) opened at 31.35 on Friday. The firm’s 50-day moving average price is $30.98 and its 200-day moving average price is $28.22. Alico has a one year low of $25.01 and a one year high of $33.20. The company has a market cap of $259.86 million, a PE ratio of 48.98 and a beta of 1.34.
The firm also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Friday, June 30th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. Alico’s payout ratio is 37.50%.
In other Alico news, Director Joseph Sambuco bought 2,404 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were bought at an average price of $30.45 per share, for a total transaction of $73,201.80. Following the transaction, the director now directly owns 108 shares in the company, valued at $3,288.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 62.70% of the stock is owned by corporate insiders.
Alico, Inc is an agribusiness and natural resources management company. The Company’s segments include Orange Co, Conservation and Environmental Resources and, Other Operations. Its principal lines of business are citrus groves, cattle ranching and conservation. The Orange Co segment includes activities related to planting, owning, cultivating and/or managing citrus groves in order 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.
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