Alico (NASDAQ:ALCO) Stock Crosses Above Two Hundred Day Moving Average of $24.56

Alico, Inc. (NASDAQ:ALCO) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $24.56 and traded as high as $25.25. Alico shares last traded at $24.83, with a volume of 210,906 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ALCO shares. TheStreet raised shares of Alico from a “d+” rating to a “c” rating in a research note on Friday, August 11th. StockNews.com began coverage on shares of Alico in a research report on Thursday, August 17th. They issued a “sell” rating on the stock.

Alico Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.58 and a current ratio of 3.10. The company has a 50-day simple moving average of $24.62 and a two-hundred day simple moving average of $24.55. The stock has a market cap of $188.96 million, a price-to-earnings ratio of -9.37 and a beta of 0.84.

Alico (NASDAQ:ALCO) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.80). Alico had a negative net margin of 50.22% and a negative return on equity of 9.47%. The business had revenue of $7.28 million during the quarter, compared to analyst estimates of $15.50 million. As a group, equities research analysts forecast that Alico, Inc. will post -3.58 EPS for the current year.

Alico Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, June 29th. Alico’s dividend payout ratio is -7.55%.

Institutional Trading of Alico

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James & Associates increased its holdings in Alico by 6.6% in the 1st quarter. Raymond James & Associates now owns 6,001 shares of the company’s stock worth $225,000 after purchasing an additional 372 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Alico by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 78,775 shares of the company’s stock worth $2,959,000 after acquiring an additional 1,668 shares during the last quarter. Citigroup Inc. acquired a new position in shares of Alico during the first quarter worth $518,000. BlackRock Inc. lifted its holdings in Alico by 29.7% during the 1st quarter. BlackRock Inc. now owns 132,697 shares of the company’s stock worth $4,985,000 after buying an additional 30,409 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Alico by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 352,845 shares of the company’s stock worth $13,252,000 after acquiring an additional 20,220 shares during the last quarter. Institutional investors own 49.01% of the company’s stock.

About Alico

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 cultivates citrus trees to produce citrus for delivery to the processed and fresh citrus markets.