Alico (NASDAQ:ALCO) Shares Pass Above 200 Day Moving Average of $27.70

Alico, Inc. (NASDAQ:ALCO)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.70 and traded as high as $28.61. Alico shares last traded at $27.51, with a volume of 15,593 shares.

Alico Stock Down 2.9 %

The stock’s fifty day moving average is $28.31 and its two-hundred day moving average is $27.70. The company has a current ratio of 2.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $209.63 million, a PE ratio of 4.37 and a beta of 0.86.

Alico (NASDAQ:ALCO) last issued its quarterly earnings results on Wednesday, February 7th. The company reported ($2.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($2.06). The company had revenue of $13.99 million during the quarter, compared to analysts’ expectations of $11.50 million. Alico had a negative return on equity of 14.09% and a net margin of 110.84%. As a group, analysts predict that Alico, Inc. will post -3.41 EPS for the current year.

Alico Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Wednesday, March 27th. Alico’s dividend payout ratio (DPR) is presently 3.17%.

Institutional Investors Weigh In On Alico

Several institutional investors have recently added to or reduced their stakes in ALCO. FMR LLC lifted its holdings in Alico by 34.4% during the first quarter. FMR LLC now owns 1,728 shares of the company’s stock valued at $42,000 after purchasing an additional 442 shares during the last quarter. Citigroup Inc. lifted its holdings in Alico by 10,525.0% during the second quarter. Citigroup Inc. now owns 2,125 shares of the company’s stock valued at $54,000 after purchasing an additional 2,105 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Alico by 78.9% during the fourth quarter. BNP Paribas Financial Markets now owns 1,989 shares of the company’s stock valued at $58,000 after purchasing an additional 877 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Alico by 1,503.8% during the second quarter. BNP Paribas Arbitrage SA now owns 1,700 shares of the company’s stock valued at $61,000 after purchasing an additional 1,594 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC lifted its holdings in Alico by 77.1% during the third quarter. BNP Paribas Arbitrage SNC now owns 3,010 shares of the company’s stock valued at $85,000 after purchasing an additional 1,310 shares during the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Alico Company Profile

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.