Alico (NASDAQ:ALCO) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Alico, Inc. (NASDAQ:ALCO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $40.25 and traded as high as $41.92. Alico shares last traded at $41.80, with a volume of 23,313 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ALCO shares. Roth Mkm set a $45.00 price objective on shares of Alico and gave the stock a “buy” rating in a research note on Friday, March 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alico in a report on Monday, April 20th. Wall Street Zen raised shares of Alico from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Freedom Capital cut shares of Alico from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $45.00.

Alico Price Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 9.39 and a current ratio of 9.63. The company has a 50-day moving average of $40.99 and a 200-day moving average of $40.27. The firm has a market capitalization of $309.99 million, a price-to-earnings ratio of -16.99 and a beta of 0.91.

Alico (NASDAQ:ALCO) last announced its earnings results on Monday, May 11th. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.09 by $0.40. Alico had a negative net margin of 115.00% and a negative return on equity of 38.92%. The firm had revenue of $5.34 million for the quarter, compared to the consensus estimate of $2.45 million. As a group, research analysts anticipate that Alico, Inc. will post -3.52 EPS for the current fiscal year.

Alico Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, July 2nd. Alico’s dividend payout ratio (DPR) is presently -8.13%.

Hedge Funds Weigh In On Alico

A number of large investors have recently added to or reduced their stakes in ALCO. Raymond James Financial Inc. bought a new stake in shares of Alico in the second quarter valued at about $28,000. BNP Paribas Financial Markets grew its holdings in shares of Alico by 86.6% during the third quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock worth $36,000 after buying an additional 478 shares in the last quarter. Hanson & Doremus Investment Management bought a new position in shares of Alico during the first quarter worth about $43,000. Osaic Holdings Inc. raised 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 buying an additional 314 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Alico by 792.7% in 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. Institutional investors own 62.28% of the company’s stock.

About Alico

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.