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

Alico, Inc. (NASDAQ:ALCO) shares crossed 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.

Alico Price Performance

The company’s 50-day moving average is $28.61 and its two-hundred day moving average is $27.71. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.81 and a quick ratio of 0.99. The firm has a market cap of $227.44 million, a P/E ratio of 32.36 and a beta of 0.81.

Alico Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Harbor Advisors LLC acquired a new position in Alico during the third quarter worth about $215,000. Barclays PLC raised its stake in Alico by 229.2% during the third quarter. Barclays PLC now owns 9,336 shares of the company’s stock worth $261,000 after acquiring an additional 6,500 shares in the last quarter. Transcend Capital Advisors LLC raised its stake in Alico by 6.8% during the fourth quarter. Transcend Capital Advisors LLC now owns 10,670 shares of the company’s stock worth $277,000 after acquiring an additional 684 shares in the last quarter. Abundance Wealth Counselors acquired a new position in Alico during the fourth quarter worth about $286,000. Finally, JPMorgan Chase & Co. raised its stake in Alico by 50.9% during the third quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company’s stock worth $368,000 after acquiring an additional 4,432 shares in the last quarter. 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.