Alico (NASDAQ:ALCO) Stock Passes Above 200-Day Moving Average of $37.22

Alico, Inc. (NASDAQ:ALCOGet Rating) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $37.22 and traded as high as $39.18. Alico shares last traded at $38.34, with a volume of 112,927 shares traded.

Separately, StockNews.com initiated coverage on Alico in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

The company has a market capitalization of $290.04 million, a price-to-earnings ratio of 5.07 and a beta of 0.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.52 and a current ratio of 2.88. The business has a 50 day moving average price of $40.63 and a 200-day moving average price of $37.22.

Alico (NASDAQ:ALCOGet Rating) last announced its quarterly earnings data on Monday, May 9th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The company had revenue of $49.64 million for the quarter, compared to the consensus estimate of $51.40 million. Alico had a return on equity of 0.01% and a net margin of 54.86%. During the same period in the previous year, the business earned $0.66 EPS. As a group, equities analysts predict that Alico, Inc. will post -0.41 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 8th. Investors of record on Friday, June 24th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date of this dividend is Thursday, June 23rd. Alico’s payout ratio is 26.46%.

In related news, insider James Sampel sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $42.00, for a total value of $126,000.00. Following the completion of the sale, the insider now directly owns 991 shares of the company’s stock, valued at approximately $41,622. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of ALCO. Nkcfo LLC bought a new stake in Alico in the 1st quarter valued at about $120,000. Ritholtz Wealth Management bought a new stake in Alico during the 1st quarter worth approximately $202,000. Raymond James & Associates bought a new stake in Alico during the 4th quarter worth approximately $208,000. Principal Financial Group Inc. bought a new stake in Alico during the 4th quarter worth approximately $216,000. Finally, Samalin Investment Counsel LLC increased its holdings in Alico by 24.4% during the 1st quarter. Samalin Investment Counsel LLC now owns 6,424 shares of the company’s stock worth $241,000 after purchasing an additional 1,258 shares in the last quarter. 47.65% of the stock is owned by institutional investors and hedge funds.

About Alico (NASDAQ:ALCO)

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.

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