Alico (NASDAQ:ALCO) Share Price Crosses Above 200-Day Moving Average - What's Next?

Alico, Inc. (NASDAQ:ALCO - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.71 and traded as high as $30.20. Alico shares last traded at $29.77, with a volume of 33,321 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Alico to a "sell" rating in a research note on Friday.

Alico Stock Down 2.6 %

The company has a market capitalization of $226.22 million, a PE ratio of 32.19 and a beta of 0.81. The company's 50 day moving average is $28.85 and its two-hundred day moving average is $27.77. The company has a quick ratio of 0.99, a current ratio of 3.81 and a debt-to-equity ratio of 0.35.

Alico (NASDAQ:ALCO - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported ($1.20) earnings per share for the quarter, missing the consensus estimate of ($0.93) by ($0.27). Alico had a net margin of 14.95% and a negative return on equity of 6.06%. On average, analysts anticipate that Alico, Inc. will post -0.37 earnings per share for the current year.

Alico Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.20 annualized dividend and a yield of 0.68%. Alico's dividend payout ratio (DPR) is currently 21.74%.

Hedge Funds Weigh In On Alico

Several institutional investors have recently bought and sold shares of the business. Transcend Capital Advisors LLC lifted its position in Alico by 6.8% during the fourth quarter. Transcend Capital Advisors LLC now owns 10,670 shares of the company's stock valued at $277,000 after purchasing an additional 684 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Alico by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company's stock valued at $537,000 after purchasing an additional 700 shares during the last quarter. Empowered Funds LLC lifted its position in Alico by 5.4% during the third quarter. Empowered Funds LLC now owns 15,797 shares of the company's stock valued at $442,000 after purchasing an additional 804 shares during the last quarter. Bard Associates Inc. lifted its position in Alico by 1.5% during the third quarter. Bard Associates Inc. now owns 54,684 shares of the company's stock valued at $1,532,000 after purchasing an additional 806 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Alico by 21.3% during the fourth 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 last quarter. Institutional investors 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.