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

Alico, Inc. (NASDAQ:ALCO) 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 traded.

Alico Price Performance

The firm has a fifty day moving average of $28.31 and a 200 day moving average of $27.70. The company has a market capitalization of $209.63 million, a P/E ratio of 4.37 and a beta of 0.86. The company has a current ratio of 2.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.28.

Alico (NASDAQ:ALCO) last released its quarterly earnings data on Wednesday, February 7th. The company reported ($2.35) EPS for the quarter, missing the consensus estimate of ($0.29) by ($2.06). The business had revenue of $13.99 million during the quarter, compared to the consensus estimate of $11.50 million. Alico had a negative return on equity of 14.09% and a net margin of 110.84%. On average, equities research analysts anticipate that Alico, Inc. will post -3.41 EPS for the current year.

Alico Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a $0.05 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.20 annualized dividend and a yield of 0.73%. Alico’s payout ratio is 3.17%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC boosted its position in Alico by 34.4% in the first quarter. FMR LLC now owns 1,728 shares of the company’s stock worth $42,000 after purchasing an additional 442 shares during the last quarter. Citigroup Inc. lifted its position in shares of Alico by 10,525.0% during the 2nd quarter. Citigroup Inc. now owns 2,125 shares of the company’s stock valued at $54,000 after buying an additional 2,105 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Alico by 78.9% during the 4th quarter. BNP Paribas Financial Markets now owns 1,989 shares of the company’s stock valued at $58,000 after buying an additional 877 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Alico by 1,503.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,700 shares of the company’s stock valued at $61,000 after buying an additional 1,594 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC lifted its position in shares of Alico by 77.1% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 3,010 shares of the company’s stock valued at $85,000 after buying an additional 1,310 shares in 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.