Alico (NASDAQ:ALCO) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Alico (NASDAQ:ALCO) from a sell rating to a hold rating in a research report report published on Tuesday morning.

Alico Price Performance

Shares of NASDAQ ALCO opened at $26.02 on Tuesday. The stock has a fifty day moving average price of $28.10 and a 200 day moving average price of $28.10. Alico has a 1-year low of $22.58 and a 1-year high of $31.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.52 and a quick ratio of 1.05. The company has a market cap of $198.27 million, a PE ratio of 4.13 and a beta of 0.86.

Alico (NASDAQ:ALCO) last announced its quarterly earnings data on Wednesday, February 7th. The company reported ($2.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($2.06). The firm had revenue of $13.99 million for the quarter, compared to analysts’ expectations of $11.50 million. Alico had a negative return on equity of 14.09% and a net margin of 110.84%. Sell-side analysts forecast that Alico will post -3.41 EPS for the current year.

Alico Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Wednesday, March 27th. Alico’s dividend payout ratio is presently 3.17%.

Hedge Funds Weigh In On Alico

A number of large investors have recently modified their holdings of the business. Empowered Funds LLC boosted its stake in shares of Alico by 8.2% in the first quarter. Empowered Funds LLC now owns 13,913 shares of the company’s stock valued at $407,000 after buying an additional 1,050 shares in the last quarter. LDR Capital Management LLC boosted its position in shares of Alico by 16.9% during the 1st quarter. LDR Capital Management LLC now owns 20,541 shares of the company’s stock worth $601,000 after purchasing an additional 2,965 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Alico by 80.1% during the 1st quarter. BNP Paribas Financial Markets now owns 3,582 shares of the company’s stock worth $105,000 after purchasing an additional 1,593 shares during the period. Accordant Advisory Group Inc purchased a new position in shares of Alico in the 1st quarter valued at about $392,000. Finally, Gate City Capital Management LLC acquired a new stake in shares of Alico in the fourth quarter valued at about $20,583,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

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 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.