Alico (NASDAQ:ALCO) Stock Passes Above 200 Day Moving Average – Time to Sell?

Alico, Inc. (NASDAQ:ALCO)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $40.25 and traded as high as $41.92. Alico shares last traded at $41.80, with a volume of 23,313 shares traded.

Wall Street Analyst Weigh In

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

Alico Price Performance

The company has a current ratio of 9.63, a quick ratio of 9.39 and a debt-to-equity ratio of 0.80. The business has a 50-day moving average of $41.00 and a 200 day moving average of $40.25. The firm has a market capitalization of $310.16 million, a PE ratio of -16.99 and a beta of 0.91.

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

Alico Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be issued 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 is Thursday, July 2nd. Alico’s payout ratio is -8.13%.

Hedge Funds Weigh In On Alico

Several institutional investors and hedge funds have recently bought and sold shares of ALCO. Osaic Holdings Inc. increased its position in Alico by 24.2% in the second quarter. Osaic Holdings Inc. now owns 1,611 shares of the company’s stock worth $53,000 after buying an additional 314 shares during the last quarter. Prescott Group Capital Management L.L.C. lifted its position in shares of Alico by 1.9% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 20,372 shares of the company’s stock valued at $741,000 after buying an additional 372 shares during the last quarter. Trexquant Investment LP lifted its position in shares of Alico by 6.5% during the 4th quarter. Trexquant Investment LP now owns 6,917 shares of the company’s stock valued at $252,000 after buying an additional 424 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Alico by 86.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock worth $36,000 after acquiring an additional 478 shares during the period. Finally, UBS Group AG grew its stake in shares of Alico by 2.0% during the 3rd quarter. UBS Group AG now owns 27,239 shares of the company’s stock worth $944,000 after acquiring an additional 523 shares during the period. 62.28% of the stock is owned by institutional investors.

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.