Alico (NASDAQ:ALCO) Stock Passes Above 200 Day Moving Average – Time to Sell?

Alico, Inc. (NASDAQ:ALCO)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.00 and traded as high as $29.28. Alico shares last traded at $29.00, with a volume of 46,244 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Alico to a “sell” rating in a report on Friday, February 14th.

Alico Trading Up 0.7 %

The stock has a market capitalization of $221.50 million, a PE ratio of -4.90 and a beta of 0.83. The stock’s 50 day moving average price is $29.28 and its 200-day moving average price is $28.00. The company has a quick ratio of 2.37, a current ratio of 4.84 and a debt-to-equity ratio of 0.42.

Alico (NASDAQ:ALCO) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($1.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.93) by ($0.27). Alico had a negative return on equity of 3.01% and a negative net margin of 91.09%. On average, sell-side analysts expect that Alico, Inc. will post -0.37 earnings per share for the current fiscal year.

Alico Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.69%. The ex-dividend date was Friday, March 28th. Alico’s dividend payout ratio (DPR) is presently -3.38%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacific Ridge Capital Partners LLC lifted its stake in Alico by 39.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 310,977 shares of the company’s stock worth $8,064,000 after purchasing an additional 87,521 shares in the last quarter. JCP Investment Management LLC raised its holdings in shares of Alico by 16.0% during the 4th quarter. JCP Investment Management LLC now owns 217,091 shares of the company’s stock worth $5,633,000 after acquiring an additional 30,000 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Alico by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 145,535 shares of the company’s stock valued at $4,071,000 after acquiring an additional 9,366 shares during the last quarter. Peapod Lane Capital LLC purchased a new position in shares of Alico in the fourth quarter valued at $3,380,000. Finally, State Street Corp grew its holdings in shares of Alico by 2.1% in the third quarter. State Street Corp now owns 109,974 shares of the company’s stock valued at $3,081,000 after purchasing an additional 2,313 shares in the last quarter. 62.28% of the stock is currently owned by 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.