Alico (NASDAQ:ALCO) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of Alico (NASDAQ:ALCO) to a sell rating in a research report released on Friday morning.

Alico Stock Performance

Shares of NASDAQ:ALCO opened at $29.61 on Friday. The stock has a market capitalization of $226.22 million, a P/E ratio of 32.19 and a beta of 0.81. Alico has a 1-year low of $24.14 and a 1-year high of $34.08. The company has a current ratio of 3.81, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $28.85 and a two-hundred day moving average price of $27.77.

Alico (NASDAQ:ALCO) last announced its quarterly earnings data on Wednesday, February 12th. The company reported ($1.20) earnings per share for the quarter, missing the consensus estimate of ($0.93) by ($0.27). Alico had a negative return on equity of 6.06% and a net margin of 14.95%. Equities analysts predict that Alico will post -0.37 earnings per share for the current year.

Alico Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.68%. Alico’s dividend payout ratio (DPR) is presently 21.74%.

Institutional Trading of Alico

A number of institutional investors and hedge funds have recently modified their holdings of ALCO. Peapod Lane Capital LLC bought a new stake in shares of Alico in the 4th quarter valued at about $3,380,000. Pacific Ridge Capital Partners LLC increased its stake in shares of Alico by 39.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 310,977 shares of the company’s stock valued at $8,064,000 after acquiring an additional 87,521 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Alico by 125.8% in the 4th quarter. JPMorgan Chase & Co. now owns 29,670 shares of the company’s stock valued at $769,000 after acquiring an additional 16,530 shares during the last quarter. Abundance Wealth Counselors bought a new stake in shares of Alico in the 4th quarter valued at about $286,000. Finally, Riverwater Partners LLC bought a new stake in shares of Alico in the 4th quarter valued at about $273,000. 62.28% of the stock is owned by institutional investors.

Alico Company Profile

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.