Somewhat Favorable News Coverage Somewhat Unlikely to Affect Alico (ALCO) Stock Price
Media headlines about Alico (NASDAQ:ALCO) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alico earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.0224218211274 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Alico (ALCO) opened at 33.20 on Monday. Alico has a 12-month low of $25.01 and a 12-month high of $34.40. The company has a market cap of $274.00 million, a price-to-earnings ratio of 44.74 and a beta of 1.30. The stock has a 50 day moving average price of $31.71 and a 200-day moving average price of $30.04.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.72%. Alico’s dividend payout ratio (DPR) is 32.43%.
Separately, BidaskClub lowered Alico from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th.
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In related news, Director Joseph Sambuco purchased 1,972 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The shares were bought at an average price of $30.50 per share, for a total transaction of $60,146.00. Following the purchase, the director now directly owns 2,409 shares of the company’s stock, valued at approximately $73,474.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 62.70% of the company’s stock.
Alico, Inc is an agribusiness and natural resources management company. The Company’s segments include Orange Co, Conservation and Environmental Resources and, Other Operations. Its principal lines of business are citrus groves, cattle ranching and conservation. The Orange Co segment includes activities related to planting, owning, cultivating and/or managing citrus groves in order 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.
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