Shares of Alico, Inc. (NASDAQ:ALCO - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.95 and traded as high as $35.17. Alico shares last traded at $34.65, with a volume of 20,023 shares changing hands.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Alico in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Sell".
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Alico Price Performance
The firm has a market capitalization of $265.07 million, a P/E ratio of -1.69 and a beta of 0.98. The business's 50-day simple moving average is $33.75 and its 200 day simple moving average is $31.95. The company has a quick ratio of 8.87, a current ratio of 9.37 and a debt-to-equity ratio of 0.72.
Alico (NASDAQ:ALCO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($2.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $8.39 million during the quarter, compared to analysts' expectations of $16.90 million. Sell-side analysts forecast that Alico, Inc. will post -0.37 earnings per share for the current year.
Alico Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a $0.05 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. Alico's payout ratio is currently -0.97%.
Insider Buying and Selling at Alico
In related news, Director Henry R. Slack sold 3,548 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $34.29, for a total transaction of $121,660.92. Following the completion of the sale, the director directly 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 legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 31,250 shares of company stock valued at $1,036,157. Insiders own 8.30% of the company's stock.
Institutional Trading of Alico
Several hedge funds and other institutional investors have recently bought and sold shares of ALCO. Osaic Holdings Inc. grew its holdings in shares of Alico by 24.2% in the second quarter. Osaic Holdings Inc. now owns 1,611 shares of the company's stock worth $53,000 after purchasing an additional 314 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Alico by 792.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,285 shares of the company's stock valued at $107,000 after buying an additional 2,917 shares during the last quarter. Gate City Capital Management LLC boosted its position in Alico by 28.2% during the 2nd quarter. Gate City Capital Management LLC now owns 1,126,553 shares of the company's stock valued at $36,816,000 after buying an additional 248,136 shares during the period. Jane Street Group LLC bought a new stake in Alico in the 2nd quarter worth $439,000. Finally, Raymond James Financial Inc. bought a new stake in Alico in the 2nd quarter worth $28,000. Institutional investors own 62.28% of the company's stock.
Alico Company Profile
(
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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.
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