Alico’s (ALCO) “Sell (D)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d) rating on shares of Alico (NASDAQ:ALCO) in a report published on Friday morning,Weiss Ratings reports.

Alico Trading Up 1.0%

Alico stock opened at $35.80 on Friday. Alico has a 52-week low of $24.23 and a 52-week high of $35.89. The company has a quick ratio of 8.87, a current ratio of 9.37 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $273.87 million, a price-to-earnings ratio of -1.74 and a beta of 0.98. The firm has a 50-day moving average price of $33.98 and a two-hundred day moving average price of $32.20.

Alico (NASDAQ:ALCO) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($2.39) EPS for the quarter, missing the consensus estimate of ($1.09) by ($1.30). Alico had a negative net margin of 355.13% and a negative return on equity of 58.27%. The firm had revenue of $8.39 million during the quarter, compared to analyst estimates of $16.90 million. Sell-side analysts expect that Alico will post -0.37 earnings per share for the current year.

Alico Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, September 26th. Alico’s payout ratio is currently -0.97%.

Insiders Place Their Bets

In related news, Director Henry R. Slack sold 3,548 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $34.29, for a total value of $121,660.92. Following the completion of the transaction, the director owned 35,188 shares in the company, valued at $1,206,596.52. This represents a 9.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 31,250 shares of company stock valued at $1,036,157 over the last three months. Corporate insiders own 8.30% of the company’s stock.

Institutional Trading of Alico

A number of institutional investors have recently made changes to their positions in ALCO. Monaco Asset Management SAM bought a new position in shares of Alico in the first quarter valued at approximately $657,000. Prescott Group Capital Management L.L.C. acquired a new stake in Alico in the first quarter worth approximately $597,000. Oak Family Advisors LLC bought a new position in Alico during the 2nd quarter valued at $1,531,000. PNC Financial Services Group Inc. increased its position in shares of Alico by 21.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,591 shares of the company’s stock valued at $77,000 after purchasing an additional 464 shares during the period. Finally, Ellsworth Advisors LLC bought a new stake in shares of Alico in the 1st quarter worth $657,000. 62.28% of the stock is owned by institutional investors and hedge funds.

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.