Alico (NASDAQ:ALCO) Shares Cross Above 200-Day Moving Average - Here's What Happened

Alico, Inc. (NASDAQ:ALCO - Get Free Report) shares passed 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.

Analyst Ratings Changes

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

Alico Trading Up 1.8 %

The company has a market cap of $224.94 million, a P/E ratio of -4.97 and a beta of 0.83. The business has a fifty day simple moving average of $29.19 and a 200 day simple moving average of $28.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.37 and a current ratio of 4.84.

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 the consensus estimate 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 anticipate that Alico, Inc. will post -0.37 earnings per share for the current fiscal year.

Alico Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, March 28th. Alico's dividend payout ratio (DPR) is presently -3.38%.

Institutional Investors Weigh In On Alico

Several institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp grew its holdings in shares of Alico by 2.1% during 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 during the last quarter. Barclays PLC boosted its position in Alico by 229.2% during the 3rd quarter. Barclays PLC now owns 9,336 shares of the company's stock valued at $261,000 after purchasing an additional 6,500 shares during the period. Geode Capital Management LLC grew its holdings in Alico by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 145,535 shares of the company's stock worth $4,071,000 after buying an additional 9,366 shares in the last quarter. JPMorgan Chase & Co. raised its position in Alico by 50.9% in the third quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company's stock worth $368,000 after acquiring an additional 4,432 shares in the last quarter. Finally, Abundance Wealth Counselors purchased a new stake in shares of Alico during the fourth quarter valued at $286,000. 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.