Alico, Inc. (NASDAQ:ALCO – Get Free Report) Director Eric Speron purchased 1,250 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average cost of $39.73 per share, for a total transaction of $49,662.50. Following the acquisition, the director owned 2,310 shares in the company, valued at approximately $91,776.30. The trade was a 117.92% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Alico Trading Up 2.1%
NASDAQ:ALCO opened at $40.31 on Friday. Alico, Inc. has a 12-month low of $31.32 and a 12-month high of $45.01. The firm has a market capitalization of $299.06 million, a P/E ratio of 183.24 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 7.96 and a quick ratio of 7.93. The business has a 50 day simple moving average of $40.11 and a 200 day simple moving average of $40.71.
Alico (NASDAQ:ALCO – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of ($0.74) by $1.03. The firm had revenue of $9.04 million during the quarter, compared to the consensus estimate of $2.75 million. Alico had a negative return on equity of 20.77% and a net margin of 8.98%. Equities research analysts predict that Alico, Inc. will post -3.52 EPS for the current year.
Alico Dividend Announcement
Institutional Investors Weigh In On Alico
A number of institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its position in shares of Alico by 24.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,611 shares of the company’s stock valued at $53,000 after purchasing an additional 314 shares during the period. Prescott Group Capital Management L.L.C. boosted its stake in Alico by 1.9% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 20,372 shares of the company’s stock valued at $741,000 after buying an additional 372 shares in the last quarter. Trexquant Investment LP grew its holdings in Alico by 6.5% during the fourth quarter. Trexquant Investment LP now owns 6,917 shares of the company’s stock worth $252,000 after acquiring an additional 424 shares during the period. BNP Paribas Financial Markets raised its position in Alico by 86.6% in the third quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock worth $36,000 after acquiring an additional 478 shares in the last quarter. Finally, UBS Group AG lifted its holdings in Alico by 2.0% in the 3rd quarter. UBS Group AG now owns 27,239 shares of the company’s stock valued at $944,000 after acquiring an additional 523 shares during the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Alico from a “sell (d)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Freedom Capital upgraded shares of Alico from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Alico from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Alico currently has a consensus rating of “Buy” and a consensus price target of $45.00.
View Our Latest Research Report on Alico
Alico Company Profile
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.
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