Alico, Inc. (NASDAQ:ALCO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.87 and traded as high as $29.61. Alico shares last traded at $29.03, with a volume of 81,041 shares.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Alico to a "sell" rating in a research note on Friday, February 14th.
Get Our Latest Analysis on ALCO
Alico Trading Up 1.7 %
The stock has a market capitalization of $217.80 million, a P/E ratio of -4.82 and a beta of 0.81. The stock's fifty day moving average price is $29.70 and its two-hundred day moving average price is $27.89. The company has a current ratio of 4.84, a quick ratio of 2.37 and a debt-to-equity ratio of 0.42.
Alico (NASDAQ:ALCO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($1.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.93) by ($0.27). Alico had a negative return on equity of 3.01% and a negative net margin of 91.09%. Equities research analysts forecast that Alico, Inc. will post -0.37 EPS for the current year.
Alico Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Friday, December 27th. Alico's payout ratio is currently -3.38%.
Institutional Trading of Alico
A number of hedge funds have recently made changes to their positions in the stock. Perritt Capital Management Inc grew its stake in shares of Alico by 66.7% in the fourth quarter. Perritt Capital Management Inc now owns 5,000 shares of the company's stock worth $130,000 after acquiring an additional 2,000 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Alico by 21.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,177 shares of the company's stock worth $134,000 after buying an additional 908 shares during the last quarter. Harbor Advisors LLC bought a new position in shares of Alico in the third quarter worth approximately $215,000. Barclays PLC grew its holdings in shares of Alico by 229.2% during the third quarter. Barclays PLC now owns 9,336 shares of the company's stock valued at $261,000 after buying an additional 6,500 shares during the last quarter. Finally, Riverwater Partners LLC bought a new position in Alico in the 4th quarter valued at approximately $273,000. 62.28% of the stock is owned by institutional investors.
Alico Company Profile
(
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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