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

Shares of Alico, Inc. (NASDAQ:ALCO) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $27.87 and traded as high as $29.61. Alico shares last traded at $29.03, with a volume of 81,041 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com raised Alico to a “sell” rating in a research report on Friday, February 14th.

Alico Stock Down 1.2 %

The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.37 and a current ratio of 4.84. The firm has a market cap of $221.73 million, a price-to-earnings ratio of -4.90 and a beta of 0.81. The firm has a 50-day moving average price of $29.52 and a two-hundred day moving average price of $27.87.

Alico (NASDAQ:ALCO) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($1.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.93) by ($0.27). Alico had a negative return on equity of 3.01% and a negative net margin of 91.09%. On average, sell-side 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, January 10th. Shareholders of record on Friday, December 27th were paid a $0.05 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.69%. Alico’s dividend payout ratio (DPR) is currently -3.38%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Perritt Capital Management Inc lifted its holdings in shares of Alico by 66.7% in the 4th quarter. Perritt Capital Management Inc now owns 5,000 shares of the company’s stock valued at $130,000 after buying an additional 2,000 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Alico by 21.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,177 shares of the company’s stock worth $134,000 after acquiring an additional 908 shares during the last quarter. Harbor Advisors LLC purchased a new stake in shares of Alico in the third quarter valued at $215,000. Barclays PLC grew its position in shares of Alico by 229.2% in the third 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. Finally, Riverwater Partners LLC purchased a new stake in shares of Alico in the fourth quarter valued at $273,000. 62.28% of the stock is currently owned by hedge funds and other 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.