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

Shares of Alico, Inc. (NASDAQ:ALCO) crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Alico Stock Up 3.1 %

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

Alico Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued 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 yield of 0.67%. Alico’s dividend payout ratio is currently 21.74%.

Institutional Trading of Alico

Hedge funds have recently bought and sold shares of the stock. Harbor Advisors LLC bought a new position in shares of Alico in the third quarter worth about $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 acquiring an additional 6,500 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Alico by 50.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company’s stock worth $368,000 after acquiring an additional 4,432 shares during the period. Empowered Funds LLC raised its stake in Alico by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock worth $442,000 after acquiring an additional 804 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Alico by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company’s stock valued at $537,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 62.28% of the company’s stock.

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.