Alico (NASDAQ:ALCO) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Alico, Inc. (NASDAQ:ALCO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.68 and traded as high as $33.36. Alico shares last traded at $33.12, with a volume of 14,687 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Alico in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Alico Stock Performance

The stock has a market capitalization of $253.20 million, a PE ratio of -1.61 and a beta of 0.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 8.87 and a current ratio of 9.37. The firm’s 50 day moving average is $33.95 and its two-hundred day moving average is $32.68.

Alico (NASDAQ:ALCO) last released its earnings results on Tuesday, August 12th. The company reported ($2.39) EPS for the quarter, missing the consensus estimate of ($1.09) by ($1.30). The company had revenue of $8.39 million for the quarter, compared to analyst estimates of $16.90 million. Alico had a negative return on equity of 58.27% and a negative net margin of 355.13%. As a group, research analysts predict that Alico, Inc. will post -0.37 earnings per share for the current year.

Alico Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a $0.05 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. Alico’s payout ratio is currently -0.97%.

Insider Activity at Alico

In other Alico news, Director Henry R. Slack sold 3,548 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $34.29, for a total value of $121,660.92. Following the sale, the director directly owned 35,188 shares of the company’s stock, valued at approximately $1,206,596.52. This represents a 9.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 8.30% of the company’s stock.

Hedge Funds Weigh In On Alico

A number of institutional investors and hedge funds have recently modified their holdings of ALCO. Prescott Group Capital Management L.L.C. purchased a new stake in Alico during the 1st quarter worth about $597,000. Monaco Asset Management SAM purchased a new stake in Alico during the first quarter worth approximately $657,000. PNC Financial Services Group Inc. boosted its holdings in Alico by 21.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,591 shares of the company’s stock valued at $77,000 after purchasing an additional 464 shares in the last quarter. Deutsche Bank AG purchased a new position in Alico in the first quarter valued at approximately $157,000. Finally, Covestor Ltd purchased a new position in Alico in the first quarter valued at approximately $73,000. 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.