Alico (NASDAQ:ALCO) Upgraded at StockNews.com

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

Alico Stock Performance

Shares of NASDAQ ALCO opened at $29.61 on Friday. The company has a quick ratio of 0.99, a current ratio of 3.81 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $226.22 million, a price-to-earnings ratio of 32.19 and a beta of 0.81. The stock’s fifty day simple moving average is $28.85 and its 200 day simple moving average is $27.75. Alico has a 52-week low of $24.14 and a 52-week high of $34.08.

Alico (NASDAQ:ALCO) last issued its 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 6.06% and a net margin of 14.95%. As a group, sell-side analysts forecast that Alico will post -0.37 earnings per share for the current fiscal year.

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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, December 27th. Alico’s payout ratio is 21.74%.

Institutional Trading of Alico

Several hedge funds and other institutional investors have recently modified their holdings of ALCO. Accordant Advisory Group Inc boosted its position in shares of Alico by 49.6% in the third quarter. Accordant Advisory Group Inc now owns 24,657 shares of the company’s stock worth $690,000 after buying an additional 8,176 shares during the period. Bard Associates Inc. boosted its position in shares of Alico by 1.5% in the third quarter. Bard Associates Inc. now owns 54,684 shares of the company’s stock worth $1,532,000 after buying an additional 806 shares during the period. Empowered Funds LLC boosted its position in shares of Alico by 5.4% in the third quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock worth $442,000 after buying an additional 804 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Alico by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company’s stock worth $537,000 after buying an additional 700 shares during the period. Finally, Harbor Advisors LLC acquired a new stake in shares of Alico in the third quarter worth $215,000. Institutional investors and hedge funds 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.