Alico (NASDAQ:ALCO) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Alico, Inc. (NASDAQ:ALCO)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $33.61 and traded as high as $37.95. Alico shares last traded at $36.49, with a volume of 35,661 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Alico in a research report on Wednesday, October 8th. Roth Capital restated a “buy” rating and set a $42.00 price objective on shares of Alico in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Alico presently has an average rating of “Hold” and an average price target of $42.00.

Alico Stock Performance

The company has a market capitalization of $279.51 million, a price-to-earnings ratio of -1.89 and a beta of 1.02. The stock has a 50 day simple moving average of $34.85 and a 200 day simple moving average of $33.61. The company has a quick ratio of 8.83, a current ratio of 9.56 and a debt-to-equity ratio of 0.79.

Alico (NASDAQ:ALCO) last announced its quarterly earnings results on Monday, November 24th. The company reported ($1.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.71). The company had revenue of $0.80 million during the quarter, compared to the consensus estimate of $0.30 million. Alico had a negative return on equity of 78.98% and a negative net margin of 334.35%. As a group, analysts anticipate that Alico, Inc. will post -0.37 earnings per share for the current fiscal year.

Alico Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be given a dividend of $0.05 per share. The ex-dividend date is Friday, January 2nd. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. Alico’s dividend payout ratio is currently -1.04%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ALCO. Nisa Investment Advisors LLC increased its stake in shares of Alico by 24.3% in the third quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $52,000 after purchasing an additional 294 shares during the period. Osaic Holdings Inc. increased its position in Alico by 24.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,611 shares of the company’s stock valued at $53,000 after acquiring an additional 314 shares during the period. Peapod Lane Capital LLC raised its stake in Alico by 0.3% during the 2nd quarter. Peapod Lane Capital LLC now owns 131,265 shares of the company’s stock valued at $4,290,000 after acquiring an additional 434 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Alico by 86.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock valued at $36,000 after acquiring an additional 478 shares in the last quarter. Finally, UBS Group AG boosted its position in Alico by 2.0% during the 3rd quarter. UBS Group AG now owns 27,239 shares of the company’s stock worth $944,000 after acquiring an additional 523 shares during the period. 62.28% of the stock is owned by institutional investors and hedge funds.

Alico Company Profile

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.