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

Alico, Inc. (NASDAQ:ALCO)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $40.39 and traded as high as $41.16. Alico shares last traded at $41.16, with a volume of 18,916 shares trading hands.

Analyst Ratings Changes

ALCO has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Alico in a research note on Monday, April 20th. Freedom Capital lowered shares of Alico from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded shares of Alico from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Roth Capital set a $45.00 target price on shares of Alico and gave the stock a “buy” rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.00.

Alico Price Performance

The company has a quick ratio of 9.39, a current ratio of 9.63 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average price is $40.96 and its two-hundred day moving average price is $40.39. The stock has a market cap of $305.41 million, a price-to-earnings ratio of -16.73 and a beta of 0.91.

Alico (NASDAQ:ALCO) last posted its earnings results on Monday, May 11th. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.40. The company had revenue of $5.34 million during the quarter, compared to the consensus estimate of $2.45 million. Alico had a negative net margin of 115.00% and a negative return on equity of 38.92%. Equities research analysts forecast that Alico, Inc. will post -3.52 EPS for the current fiscal year.

Alico Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, July 2nd. Alico’s payout ratio is -8.13%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Gate City Capital Management LLC grew its stake in shares of Alico by 3.1% during the 4th quarter. Gate City Capital Management LLC now owns 1,297,679 shares of the company’s stock worth $47,210,000 after purchasing an additional 39,500 shares during the period. Vanguard Group Inc. lifted its stake in shares of Alico by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 259,666 shares of the company’s stock valued at $9,000,000 after purchasing an additional 4,064 shares during the period. Geode Capital Management LLC boosted its holdings in Alico by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 138,611 shares of the company’s stock worth $5,045,000 after buying an additional 4,714 shares in the last quarter. Peapod Lane Capital LLC boosted its holdings in Alico by 0.7% during the fourth quarter. Peapod Lane Capital LLC now owns 133,701 shares of the company’s stock worth $4,864,000 after buying an additional 983 shares in the last quarter. Finally, Accordant Advisory Group Inc grew its position in Alico by 39.4% during the fourth quarter. Accordant Advisory Group Inc now owns 94,411 shares of the company’s stock valued at $3,435,000 after buying an additional 26,688 shares during the period. 62.28% of the stock is owned by institutional investors and hedge funds.

About Alico

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.