Alico (NASDAQ:ALCO) Rating Increased to Hold at Wall Street Zen

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

A number of other equities analysts have also issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Alico in a research report on Wednesday, January 21st. Roth Mkm restated a “buy” rating and issued a $42.00 price objective on shares of Alico in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Alico has an average rating of “Hold” and an average target price of $42.00.

Alico Stock Performance

Shares of NASDAQ:ALCO opened at $38.51 on Friday. Alico has a twelve month low of $27.61 and a twelve month high of $43.20. The firm has a market cap of $294.99 million, a PE ratio of -2.08 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 13.02 and a current ratio of 14.39. The business has a fifty day moving average of $39.88 and a 200-day moving average of $36.44.

Alico (NASDAQ:ALCO) last released its quarterly earnings results on Wednesday, February 4th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.92). The business had revenue of $1.89 million during the quarter, compared to the consensus estimate of $3.22 million. Alico had a negative net margin of 487.45% and a negative return on equity of 101.66%. On average, equities research analysts predict that Alico will post -0.37 EPS for the current fiscal year.

Alico Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were issued 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 -1.08%.

Institutional Trading of Alico

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Gate City Capital Management LLC grew its holdings in Alico by 28.2% during the second quarter. Gate City Capital Management LLC now owns 1,126,553 shares of the company’s stock valued at $36,816,000 after purchasing an additional 248,136 shares during the period. Accordant Advisory Group Inc raised its holdings in Alico by 39.4% in the fourth quarter. Accordant Advisory Group Inc now owns 94,411 shares of the company’s stock worth $3,435,000 after purchasing an additional 26,688 shares during the period. Squarepoint Ops LLC bought a new position in shares of Alico during the fourth quarter worth $796,000. Redmont Wealth Advisors LLC bought a new position in shares of Alico during the third quarter worth $648,000. Finally, Jane Street Group LLC acquired a new position in shares of Alico in the 2nd quarter valued at $439,000. 62.28% of the stock is owned by 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.