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

Alico, Inc. (NASDAQ:ALCO)’s stock 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.

Alico Price Performance

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 firm has a fifty day simple moving average of $26.74 and a 200 day simple moving average of $27.05. The company has a market capitalization of $231.66 million, a PE ratio of 32.99 and a beta of 0.80.

Alico Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ALCO. Bank of New York Mellon Corp increased its holdings in Alico by 1.4% during the second 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 during the period. Dimensional Fund Advisors LP boosted its position in Alico by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 429,309 shares of the company’s stock valued at $11,124,000 after acquiring an additional 8,306 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in Alico by 2.1% during the 2nd 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 increased its holdings 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 acquiring an additional 8,176 shares during the period. 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 worth $1,532,000 after acquiring an additional 806 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Alico Company Profile

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.