Alico (NASDAQ:ALCO) Share Price Passes Above 200-Day Moving Average – Here’s Why

Alico, Inc. (NASDAQ:ALCOGet Free Report)’s share price passed 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 traded.

Alico Stock Performance

The firm’s 50 day moving average is $26.74 and its 200 day moving average is $27.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 3.81. The stock has a market cap of $231.66 million, a P/E ratio of 32.99 and a beta of 0.80.

Alico Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Friday, December 27th. Alico’s payout ratio is presently 21.74%.

Institutional Trading of Alico

Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its position in Alico by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 60,233 shares of the company’s stock valued at $1,561,000 after buying an additional 846 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Alico by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 429,309 shares of the company’s stock worth $11,124,000 after acquiring an additional 8,306 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of Alico by 2.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 206,504 shares of the company’s stock valued at $5,351,000 after acquiring an additional 4,231 shares in the last quarter. Accordant Advisory Group Inc raised its position in shares of Alico by 49.6% in the 3rd quarter. Accordant Advisory Group Inc now owns 24,657 shares of the company’s stock valued at $690,000 after purchasing an additional 8,176 shares during the last quarter. Finally, Bard Associates Inc. raised its position in shares of Alico by 1.5% in the 3rd quarter. Bard Associates Inc. now owns 54,684 shares of the company’s stock valued at $1,532,000 after purchasing an additional 806 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

About Alico

(Get Free Report)

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.

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