Alico, Inc. (NASDAQ:ALCO – Get Free Report)’s stock price 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.
Analyst Upgrades and Downgrades
ALCO has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of Alico in a research report on Thursday, August 17th. They issued a “sell” rating on the stock. TheStreet raised shares of Alico from a “d+” rating to a “c” rating in a research report on Friday, August 11th.
Alico Price Performance
Alico (NASDAQ:ALCO – Get Free Report) last announced its earnings results 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 return on equity of 9.47% and a negative net margin of 50.22%. The company had revenue of $7.28 million for the quarter, compared to the consensus estimate of $15.50 million. As a group, equities analysts anticipate that Alico, Inc. will post -3.58 EPS for the current fiscal year.
Alico Announces Dividend
The business also recently announced 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 (DPR) is currently -7.55%.
Institutional Investors Weigh In On Alico
Several institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Advisory Services LLC acquired a new position in Alico during the 4th quarter worth about $467,000. CM Management LLC boosted its position in Alico by 13.2% during the 1st quarter. CM Management LLC now owns 215,000 shares of the company’s stock worth $5,203,000 after acquiring an additional 25,000 shares during the last quarter. Redmont Wealth Advisors LLC boosted its holdings in shares of Alico by 12.5% in the 1st quarter. Redmont Wealth Advisors LLC now owns 18,486 shares of the company’s stock valued at $447,000 after buying an additional 2,053 shares during the last quarter. Oak Family Advisors LLC lifted its holdings in Alico by 78.5% during the 1st quarter. Oak Family Advisors LLC now owns 131,988 shares of the company’s stock valued at $3,194,000 after purchasing an additional 58,061 shares during the last quarter. Finally, Towerview LLC increased its position in Alico by 18.3% during the 2nd quarter. Towerview LLC now owns 179,500 shares of the company’s stock worth $4,570,000 after buying an additional 27,715 shares during the period. Institutional investors own 49.01% of the company’s stock.
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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