Alico (NASDAQ:ALCO) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Alico, Inc. (NASDAQ:ALCO - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $28.00 and traded as high as $29.28. Alico shares last traded at $29.00, with a volume of 46,244 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com raised Alico to a "sell" rating in a research report on Friday, February 14th.

Alico Trading Up 1.8 %

The company has a debt-to-equity ratio of 0.42, a current ratio of 4.84 and a quick ratio of 2.37. The business's 50-day moving average is $29.21 and its two-hundred day moving average is $28.02. The firm has a market cap of $224.94 million, a P/E ratio of -4.97 and a beta of 0.83.

Alico (NASDAQ:ALCO - Get Free Report) last announced its quarterly earnings data 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 negative net margin of 91.09% and a negative return on equity of 3.01%. As a group, analysts predict that Alico, Inc. will post -0.37 earnings per share for the current fiscal year.

Alico Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, March 28th. Alico's dividend payout ratio (DPR) is -3.38%.

Institutional Investors Weigh In On Alico

Several large investors have recently made changes to their positions in the stock. Transcend Capital Advisors LLC raised 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 worth $277,000 after acquiring an additional 684 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Alico by 3.8% in the 3rd 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 period. Empowered Funds LLC lifted its stake in Alico by 5.1% in the 4th quarter. Empowered Funds LLC now owns 16,607 shares of the company's stock valued at $431,000 after purchasing an additional 810 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Alico by 21.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,177 shares of the company's stock worth $134,000 after purchasing an additional 908 shares during the period. Finally, Stifel Financial Corp increased its position in Alico by 8.2% during the fourth quarter. Stifel Financial Corp now owns 14,579 shares of the company's stock worth $378,000 after buying an additional 1,105 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

About Alico

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.