Alico (NASDAQ:ALCO) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Alico, Inc. (NASDAQ:ALCO - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $28.60 and traded as high as $31.55. Alico shares last traded at $31.25, with a volume of 34,455 shares trading hands.

Analyst Ratings Changes

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

Alico Stock Performance

The stock has a market cap of $238.81 million, a PE ratio of -5.28 and a beta of 0.98. The company has a quick ratio of 2.37, a current ratio of 4.84 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average price of $29.36 and a 200 day moving average price of $28.60.

Alico (NASDAQ:ALCO - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($10.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($10.62). Alico had a negative net margin of 91.09% and a negative return on equity of 3.01%. The company had revenue of $17.98 million during the quarter, compared to analysts' expectations of $22.20 million. As a group, research analysts forecast that Alico, Inc. will post -0.37 earnings per share for the current year.

Alico Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.05 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.20 annualized dividend and a yield of 0.64%. Alico's dividend payout ratio (DPR) is presently -1.09%.

Hedge Funds Weigh In On Alico

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its stake in Alico by 99.7% in the first quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 16,695 shares of the company's stock valued at $498,000 after purchasing an additional 8,335 shares during the last quarter. Penn Mutual Asset Management purchased a new position in Alico in the first quarter valued at about $627,000. Russell Investments Group Ltd. grew its stake in Alico by 4,016.2% in the first quarter. Russell Investments Group Ltd. now owns 29,513 shares of the company's stock valued at $881,000 after purchasing an additional 28,796 shares during the last quarter. Nuveen LLC purchased a new position in Alico in the first quarter valued at about $178,000. Finally, Invesco Ltd. boosted its holdings in Alico by 8.2% in the first quarter. Invesco Ltd. now owns 19,169 shares of the company's stock worth $572,000 after acquiring an additional 1,458 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.

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.

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