Alico (NASDAQ:ALCO) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Alico, Inc. (NASDAQ:ALCO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $35.34 and traded as high as $41.64. Alico shares last traded at $41.17, with a volume of 15,046 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ALCO shares. Weiss Ratings reissued a “sell (d)” rating on shares of Alico in a report on Wednesday, January 21st. Roth Mkm reissued a “buy” rating and set a $42.00 target price on shares of Alico in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.00.

Alico Trading Up 0.5%

The company has a debt-to-equity ratio of 0.82, a current ratio of 14.39 and a quick ratio of 13.02. The business’s 50-day simple moving average is $38.45 and its 200-day simple moving average is $35.34. The company has a market cap of $315.36 million, a price-to-earnings ratio of -2.22 and a beta of 1.02.

Alico (NASDAQ:ALCO) last released its quarterly earnings results on Wednesday, February 4th. The company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.92). Alico had a negative return on equity of 101.66% and a negative net margin of 487.45%.The company had revenue of $1.89 million for the quarter, compared to analysts’ expectations of $3.22 million. Research analysts predict that Alico, Inc. will post -0.37 earnings per share for the current fiscal year.

Alico Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, January 2nd. Alico’s payout ratio is currently -1.08%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in shares of Alico during the 2nd quarter worth $28,000. BNP Paribas Financial Markets lifted its position in Alico by 86.6% during the third quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock worth $36,000 after buying an additional 478 shares during the period. Nisa Investment Advisors LLC boosted its stake in Alico by 24.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $52,000 after buying an additional 294 shares during the last quarter. Osaic Holdings Inc. grew its holdings in Alico by 24.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,611 shares of the company’s stock valued at $53,000 after buying an additional 314 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in Alico by 792.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,285 shares of the company’s stock valued at $107,000 after buying an additional 2,917 shares during the period. 62.28% of the stock is currently 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.