Alico (NASDAQ:ALCO) Upgraded by StockNews.com to Sell

StockNews.com upgraded shares of Alico (NASDAQ:ALCO) to a sell rating in a research note published on Wednesday morning.

Alico Stock Performance

Shares of NASDAQ ALCO opened at $27.83 on Wednesday. Alico has a 12-month low of $23.42 and a 12-month high of $31.00. The firm has a market capitalization of $212.18 million, a price-to-earnings ratio of 5.30 and a beta of 0.79. The company has a current ratio of 2.55, a quick ratio of 1.08 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $26.49 and a 200 day moving average of $27.40.

Alico Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.20 annualized dividend and a dividend yield of 0.72%. Alico’s dividend payout ratio (DPR) is 3.81%.

Hedge Funds Weigh In On Alico

Several institutional investors and hedge funds have recently bought and sold shares of ALCO. EntryPoint Capital LLC purchased a new stake in Alico in the first quarter worth about $99,000. BNP Paribas Financial Markets grew its stake in shares of Alico by 80.1% during the 1st quarter. BNP Paribas Financial Markets now owns 3,582 shares of the company’s stock valued at $105,000 after acquiring an additional 1,593 shares during the period. SG Americas Securities LLC purchased a new stake in Alico in the 4th quarter worth approximately $120,000. Quadrature Capital Ltd bought a new stake in Alico during the 1st quarter worth approximately $217,000. Finally, Harbor Advisors LLC purchased a new position in Alico during the fourth quarter valued at approximately $224,000. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

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.