Alico (NASDAQ:ALCO) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Alico, Inc. (NASDAQ:ALCO) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $39.03 and traded as high as $41.42. Alico shares last traded at $41.21, with a volume of 10,390 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Alico from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Roth Mkm set a $45.00 target price on Alico and gave the stock a “buy” rating in a research report on Friday, March 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Alico in a research report on Monday, April 20th. Finally, Freedom Capital lowered Alico from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Alico has a consensus rating of “Hold” and an average target price of $45.00.

Alico Stock Performance

The company has a market cap of $305.78 million, a price-to-earnings ratio of -16.75 and a beta of 0.95. The firm has a 50-day simple moving average of $41.32 and a 200 day simple moving average of $39.03. The company has a quick ratio of 9.39, a current ratio of 9.63 and a debt-to-equity ratio of 0.80.

Alico Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Friday, April 3rd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.20 annualized dividend and a yield of 0.5%. Alico’s payout ratio is -8.13%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Oak Family Advisors LLC increased its position in Alico by 6.3% during the first quarter. Oak Family Advisors LLC now owns 61,300 shares of the company’s stock worth $2,529,000 after buying an additional 3,645 shares during the period. Hanson & Doremus Investment Management acquired a new position in Alico during the first quarter worth approximately $43,000. Millennium Management LLC increased its position in Alico by 73.2% during the fourth quarter. Millennium Management LLC now owns 20,677 shares of the company’s stock worth $752,000 after buying an additional 8,736 shares during the period. AQR Capital Management LLC increased its position in Alico by 5.4% during the fourth quarter. AQR Capital Management LLC now owns 12,416 shares of the company’s stock worth $452,000 after buying an additional 640 shares during the period. Finally, Trexquant Investment LP increased its position in Alico by 6.5% during the fourth quarter. Trexquant Investment LP now owns 6,917 shares of the company’s stock worth $252,000 after buying an additional 424 shares during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

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.