Alico (NASDAQ:ALCO) Stock Price Passes Above 200 Day Moving Average of $29.27

Alico, Inc. (NASDAQ:ALCO) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.27 and traded as high as $34.62. Alico shares last traded at $34.44, with a volume of 186 shares.

The company has a market cap of $252.11 million, a PE ratio of 12.22 and a beta of 0.77. The firm’s fifty day moving average is $31.54 and its 200 day moving average is $29.27. The company has a current ratio of 1.89, a quick ratio of 0.57 and a debt-to-equity ratio of 0.87.

Alico (NASDAQ:ALCO) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $2.13 EPS for the quarter. The company had revenue of $57.57 million during the quarter. Alico had a net margin of 17.99% and a return on equity of 11.76%.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, September 26th.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Alico by 48.2% during the 2nd quarter. Vanguard Group Inc. now owns 296,879 shares of the company’s stock worth $9,008,000 after purchasing an additional 96,490 shares during the last quarter. BlackRock Inc. boosted its stake in Alico by 16.6% during the 2nd quarter. BlackRock Inc. now owns 280,278 shares of the company’s stock worth $8,503,000 after purchasing an additional 39,856 shares during the last quarter. Whitener Capital Management Inc. acquired a new stake in Alico during the 2nd quarter worth $242,000. Morgan Stanley boosted its stake in Alico by 329.5% during the 2nd quarter. Morgan Stanley now owns 4,793 shares of the company’s stock worth $145,000 after purchasing an additional 3,677 shares during the last quarter. Finally, Towerview LLC boosted its stake in Alico by 3.3% during the 2nd quarter. Towerview LLC now owns 95,000 shares of the company’s stock worth $2,882,000 after purchasing an additional 3,000 shares during the last quarter. 26.86% of the stock is owned by institutional investors.

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.

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