Alico (NASDAQ:ALCO) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Alico, Inc. (NASDAQ:ALCO) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $40.07 and traded as high as $41.23. Alico shares last traded at $40.63, with a volume of 18,455 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ALCO shares. Wall Street Zen upgraded Alico from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Freedom Capital downgraded Alico from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Weiss Ratings restated a “sell (d)” rating on shares of Alico in a research note on Monday, April 20th. Finally, Roth Mkm set a $45.00 price objective on Alico and gave the stock a “buy” rating in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.00.

Alico Trading Down 1.0%

The firm has a market capitalization of $301.47 million, a PE ratio of -16.52 and a beta of 0.92. The company has a debt-to-equity ratio of 0.80, a quick ratio of 9.39 and a current ratio of 9.63. The firm has a fifty day moving average of $41.17 and a 200 day moving average of $40.07.

Alico (NASDAQ:ALCO) last released its quarterly earnings results on Monday, May 11th. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.40. Alico had a negative return on equity of 38.92% and a negative net margin of 115.00%.The firm had revenue of $5.34 million during the quarter, compared to analysts’ expectations of $2.45 million. Equities research analysts expect that Alico, Inc. will post -3.52 EPS for the current year.

Alico Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, July 2nd. Alico’s payout ratio is presently -8.13%.

Institutional Investors Weigh In On Alico

A number of large investors have recently added to or reduced their stakes in ALCO. Raymond James Financial Inc. purchased a new stake in Alico during the 2nd quarter worth $28,000. BNP Paribas Financial Markets boosted its position in Alico by 86.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock valued at $36,000 after buying an additional 478 shares during the last quarter. Hanson & Doremus Investment Management purchased a new position in Alico in the 1st quarter valued at about $43,000. Osaic Holdings Inc. grew its stake in shares of Alico by 24.2% during the second quarter. Osaic Holdings Inc. now owns 1,611 shares of the company’s stock valued at $53,000 after acquiring an additional 314 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Alico by 792.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,285 shares of the company’s stock valued at $107,000 after acquiring an additional 2,917 shares in the last quarter. 62.28% of the stock is 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.