Alico (NASDAQ:ALCO) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Alico, Inc. (NASDAQ:ALCO - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.25 and traded as high as $29.33. Alico shares last traded at $29.13, with a volume of 26,356 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com raised Alico to a "sell" rating in a research note on Friday, February 14th.

Alico Trading Up 0.5%

The company has a market cap of $223.79 million, a P/E ratio of -4.95 and a beta of 0.98. The company has a current ratio of 4.84, a quick ratio of 2.37 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $29.02 and a 200-day moving average price of $28.34.

Alico (NASDAQ:ALCO - Get Free Report) last announced its quarterly earnings data 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%. Analysts forecast that Alico, Inc. will post -0.37 earnings per share for the current fiscal year.

Alico Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Friday, March 28th. Alico's dividend payout ratio is currently -3.38%.

Hedge Funds Weigh In On Alico

A number of institutional investors have recently bought and sold shares of the business. Pacific Ridge Capital Partners LLC increased its position in Alico by 39.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 310,977 shares of the company's stock worth $8,064,000 after buying an additional 87,521 shares during the last quarter. JCP Investment Management LLC increased its position in Alico by 16.0% during the fourth quarter. JCP Investment Management LLC now owns 217,091 shares of the company's stock worth $5,633,000 after buying an additional 30,000 shares during the last quarter. Peapod Lane Capital LLC increased its position in Alico by 0.4% during the first quarter. Peapod Lane Capital LLC now owns 130,831 shares of the company's stock worth $3,904,000 after buying an additional 461 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in Alico during the first quarter worth approximately $3,232,000. Finally, Bard Associates Inc. increased its position in Alico by 6.8% during the fourth quarter. Bard Associates Inc. now owns 58,429 shares of the company's stock worth $1,518,000 after buying an additional 3,745 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

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.