Eric Speron Acquires 1,250 Shares of Alico (NASDAQ:ALCO) Stock

Alico, Inc. (NASDAQ:ALCO) Director Eric Speron purchased 1,250 shares of the stock in a transaction dated Thursday, August 20th. The shares were acquired at an average cost of $39.73 per share, for a total transaction of $49,662.50. Following the completion of the acquisition, the director directly owned 2,310 shares of the company’s stock, valued at approximately $91,776.30. This trade represents a 117.92% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Alico Price Performance

Shares of NASDAQ ALCO opened at $40.31 on Friday. The stock has a market cap of $299.10 million, a P/E ratio of 183.24 and a beta of 0.91. The firm’s 50-day simple moving average is $40.11 and its 200 day simple moving average is $40.71. Alico, Inc. has a fifty-two week low of $31.32 and a fifty-two week high of $45.01. The company has a quick ratio of 7.93, a current ratio of 7.96 and a debt-to-equity ratio of 0.81.

Alico (NASDAQ:ALCO) last announced its earnings results on Monday, August 10th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.74) by $1.03. The firm had revenue of $9.04 million during the quarter, compared to analyst estimates of $2.75 million. Alico had a net margin of 8.98% and a negative return on equity of 20.77%. Equities analysts expect that Alico, Inc. will post -3.52 EPS for the current year.

Alico Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd were issued a $0.05 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. Alico’s dividend payout ratio (DPR) is 90.91%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Freedom Capital raised Alico from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Weiss Ratings raised Alico from a “sell (d)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen raised Alico from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Alico currently has an average rating of “Buy” and an average price target of $45.00.

Institutional Trading of Alico

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new position in Alico in the second quarter worth approximately $509,000. Legal & General Group Plc bought a new position in shares of Alico in the second quarter valued at $26,000. Bard Associates Inc. acquired a new stake in shares of Alico during the 2nd quarter valued at $2,300,000. BlackRock Inc. acquired a new stake in shares of Alico during the 2nd quarter valued at $18,428,000. Finally, Deutsche Bank AG bought a new stake in shares of Alico during the 2nd quarter worth $239,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Alico Company Profile

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.