Alico, Inc. (NASDAQ:ALCO - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.00 and traded as high as $30.02. Alico shares last traded at $29.82, with a volume of 51,111 shares.
Alico Trading Down 0.6 %
The company has a quick ratio of 0.99, a current ratio of 3.81 and a debt-to-equity ratio of 0.35. The company's 50-day moving average is $26.67 and its 200 day moving average is $27.02. The company has a market cap of $226.32 million, a price-to-earnings ratio of 32.23 and a beta of 0.80.
Alico Announces Dividend
The business also recently disclosed 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 0.67%. The ex-dividend date was Friday, December 27th. Alico's dividend payout ratio is presently 21.74%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in Alico by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company's stock worth $537,000 after buying an additional 700 shares in the last quarter. State Street Corp lifted its holdings in Alico by 2.1% in the 3rd quarter. State Street Corp now owns 109,974 shares of the company's stock valued at $3,081,000 after purchasing an additional 2,313 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 purchasing an additional 9,366 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Alico by 5.4% during the third quarter. Empowered Funds LLC now owns 15,797 shares of the company's stock worth $442,000 after buying an additional 804 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its position in shares of Alico by 2.1% in the second quarter. Pacific Ridge Capital Partners LLC now owns 206,504 shares of the company's stock valued at $5,351,000 after buying an additional 4,231 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.
About Alico
(
Get Free Report)
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.
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