Alico (NASDAQ:ALCO) Share Price Passes Above 200 Day Moving Average of $31.56

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Alico, Inc. (NASDAQ:ALCO)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $31.56 and traded as high as $36.17. Alico shares last traded at $35.70, with a volume of 646 shares traded.

Separately, BidaskClub raised Alico from a “hold” rating to a “buy” rating in a research report on Monday, November 25th.

The company has a quick ratio of 0.75, a current ratio of 2.14 and a debt-to-equity ratio of 0.79. The business has a 50-day moving average price of $32.91 and a two-hundred day moving average price of $31.56. The company has a market capitalization of $259.99 million, a price-to-earnings ratio of 12.51 and a beta of 0.80.

Alico (NASDAQ:ALCO) last issued its earnings results on Thursday, December 5th. The company reported ($0.42) earnings per share for the quarter. Alico had a return on equity of 11.67% and a net margin of 30.95%. The firm had revenue of $1.39 million for the quarter.

In related news, major shareholder Remy W. Trafelet sold 1,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $33.27, for a total value of $33,270.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director 734 Investors, Llc sold 7,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $33.95, for a total value of $237,650.00. Following the completion of the sale, the director now directly owns 3,173,405 shares of the company’s stock, valued at $107,737,099.75. The disclosure for this sale can be found here. Insiders sold a total of 17,000 shares of company stock valued at $573,620 over the last three months. 3.00% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALCO. JPMorgan Chase & Co. raised its position in Alico by 107.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,202 shares of the company’s stock valued at $66,000 after buying an additional 1,141 shares during the last quarter. Morgan Stanley raised its position in Alico by 329.5% in the 2nd quarter. Morgan Stanley now owns 4,793 shares of the company’s stock valued at $145,000 after buying an additional 3,677 shares during the last quarter. Rhumbline Advisers purchased a new stake in Alico in the 3rd quarter valued at $240,000. Whitener Capital Management Inc. bought a new position in Alico in the 2nd quarter valued at $242,000. Finally, California Public Employees Retirement System grew its stake in Alico by 11.4% in the 3rd quarter. California Public Employees Retirement System now owns 7,653 shares of the company’s stock valued at $260,000 after purchasing an additional 786 shares during the period. 69.91% of the stock is owned by institutional investors and hedge funds.

Alico Company Profile (NASDAQ:ALCO)

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 Water Resources and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruits for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which comprise contracting for the harvesting, marketing, and hauling of citrus.

Read More: What is the return on assets (ROA) ratio?

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