Alico (NASDAQ:ALCO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Alico (NASDAQ:ALCO) from a sell rating to a hold rating in a report published on Saturday.

Other research analysts also recently issued reports about the company. Roth Mkm reissued a “buy” rating and issued a $42.00 price objective on shares of Alico in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alico in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $42.00.

Alico Trading Down 0.4%

ALCO stock opened at $38.36 on Friday. Alico has a 12-month low of $27.61 and a 12-month high of $43.20. The business’s 50-day moving average is $39.91 and its 200 day moving average is $36.49. The company has a current ratio of 14.39, a quick ratio of 13.02 and a debt-to-equity ratio of 0.82. The stock has a market cap of $293.72 million, a price-to-earnings ratio of -2.07 and a beta of 1.02.

Alico (NASDAQ:ALCO) last announced its earnings results on Wednesday, February 4th. The company reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.92). The firm had revenue of $1.89 million for the quarter, compared to analyst estimates of $3.22 million. Alico had a negative net margin of 487.45% and a negative return on equity of 101.66%. On average, sell-side analysts anticipate that Alico will post -0.37 EPS for the current fiscal year.

Alico Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were given a dividend of $0.05 per share. The ex-dividend date was Friday, January 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. Alico’s dividend payout ratio (DPR) is presently -1.08%.

Institutional Trading of Alico

Large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its stake in shares of Alico by 24.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $52,000 after acquiring an additional 294 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of Alico by 24.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,611 shares of the company’s stock valued at $53,000 after acquiring an additional 314 shares during the last quarter. Prescott Group Capital Management L.L.C. boosted its position in shares of Alico by 1.9% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 20,372 shares of the company’s stock valued at $741,000 after acquiring an additional 372 shares during the last quarter. Trexquant Investment LP grew its holdings in shares of Alico by 6.5% in the fourth quarter. Trexquant Investment LP now owns 6,917 shares of the company’s stock valued at $252,000 after purchasing an additional 424 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Alico by 86.6% in the third quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock valued at $36,000 after purchasing an additional 478 shares during the period. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

About Alico

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.