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

Alico, Inc. (NASDAQ:ALCO) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $27.00 and traded as high as $30.02. Alico shares last traded at $29.82, with a volume of 51,111 shares traded.

Alico Trading Up 3.1 %

The stock’s 50 day moving average is $26.56 and its 200-day moving average is $27.00. The company has a market cap of $227.62 million, a P/E ratio of 32.41 and a beta of 0.80. The company has a current ratio of 3.81, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35.

Alico Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, December 27th. Alico’s dividend payout ratio (DPR) is currently 21.74%.

Hedge Funds Weigh In On Alico

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbor Advisors LLC purchased a new position in shares of Alico in the third quarter worth $215,000. Barclays PLC increased its holdings in Alico by 229.2% in the 3rd quarter. Barclays PLC now owns 9,336 shares of the company’s stock worth $261,000 after buying an additional 6,500 shares in the last quarter. JPMorgan Chase & Co. raised its position in Alico by 50.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company’s stock worth $368,000 after buying an additional 4,432 shares during the last quarter. Empowered Funds LLC lifted its stake in Alico by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock valued at $442,000 after acquiring an additional 804 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Alico by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company’s stock valued at $537,000 after acquiring an additional 700 shares during the last quarter. 62.28% of the stock is owned by institutional investors.

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.