Alico (NASDAQ:ALCO) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Alico, Inc. (NASDAQ:ALCO)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.71 and traded as high as $30.20. Alico shares last traded at $29.77, with a volume of 33,321 shares changing hands.

Alico Price Performance

The company has a 50 day moving average price of $28.61 and a 200-day moving average price of $27.71. 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 company has a market cap of $227.44 million, a price-to-earnings ratio of 32.36 and a beta of 0.81.

Alico Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, December 27th. Alico’s dividend payout ratio is currently 21.74%.

Institutional Trading of Alico

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALCO. Harbor Advisors LLC acquired a new stake in Alico during the 3rd quarter valued at approximately $215,000. Barclays PLC increased its position in Alico by 229.2% during the 3rd quarter. Barclays PLC now owns 9,336 shares of the company’s stock valued at $261,000 after purchasing an additional 6,500 shares during the period. Transcend Capital Advisors LLC increased its position in Alico by 6.8% during the 4th quarter. Transcend Capital Advisors LLC now owns 10,670 shares of the company’s stock valued at $277,000 after purchasing an additional 684 shares during the period. Abundance Wealth Counselors acquired a new stake in Alico during the 4th quarter valued at approximately $286,000. Finally, JPMorgan Chase & Co. increased its position in Alico by 50.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company’s stock valued at $368,000 after purchasing an additional 4,432 shares during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

About Alico

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.