Eric Speron Purchases 1,250 Shares of Alico (NASDAQ:ALCO) Stock

Alico, Inc. (NASDAQ:ALCO) Director Eric Speron purchased 1,250 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of $39.73 per share, for a total transaction of $49,662.50. Following the acquisition, the director directly owned 2,310 shares in the company, valued at $91,776.30. This represents a 117.92% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alico Stock Performance

Shares of NASDAQ:ALCO traded up $0.81 on Friday, hitting $40.31. 17,054 shares of the company were exchanged, compared to its average volume of 24,544. Alico, Inc. has a one year low of $31.32 and a one year high of $45.01. The firm has a market capitalization of $299.10 million, a price-to-earnings ratio of 183.24 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a quick ratio of 7.93 and a current ratio of 7.96. The company’s 50 day moving average price is $40.12 and its two-hundred day moving average price is $40.71.

Alico (NASDAQ:ALCO) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of ($0.74) by $1.03. The company had revenue of $9.04 million during the quarter, compared to analyst estimates of $2.75 million. Alico had a net margin of 8.98% and a negative return on equity of 20.77%. Research analysts expect that Alico, Inc. will post -3.52 earnings per share for the current year.

Alico Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 2nd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, July 2nd. Alico’s dividend payout ratio (DPR) is 90.91%.

Analyst Ratings Changes

Several analysts have weighed in on ALCO shares. Wall Street Zen upgraded shares of Alico from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings raised Alico from a “sell (d)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, Freedom Capital upgraded Alico from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $45.00.

Institutional Investors Weigh In On Alico

A number of institutional investors have recently made changes to their positions in the business. Legal & General Group Plc bought a new stake in shares of Alico during the 2nd quarter valued at about $26,000. Raymond James Financial Inc. bought a new position in shares of Alico in the second quarter worth about $28,000. BNP Paribas Financial Markets boosted its position 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 acquiring an additional 478 shares during the last quarter. Hanson & Doremus Investment Management bought a new stake in shares of Alico in the 1st quarter valued at approximately $43,000. Finally, Osaic Holdings Inc. grew 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 acquiring an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Alico Company Profile

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.