Insider Buying: Alico (NASDAQ:ALCO) Director Acquires $49,662.50 in Stock

Alico, Inc. (NASDAQ:ALCO) Director Eric Speron purchased 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average cost of $39.73 per share, with a total value of $49,662.50. Following the completion of the transaction, the director directly owned 2,310 shares of the company’s stock, valued at $91,776.30. The trade was a 117.92% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Alico Stock Performance

Shares of Alico stock opened at $40.31 on Monday. The business’s fifty day simple moving average is $40.11 and its 200 day simple moving average is $40.70. The firm has a market capitalization of $299.10 million, a P/E ratio of 183.24 and a beta of 0.91. Alico, Inc. has a 12 month low of $31.32 and a 12 month high of $45.01. The company has a current ratio of 7.96, a quick ratio of 7.93 and a debt-to-equity ratio of 0.81.

Alico (NASDAQ:ALCO) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of ($0.74) by $1.03. Alico had a negative return on equity of 20.77% and a net margin of 8.98%.The business had revenue of $9.04 million for the quarter, compared to analysts’ expectations of $2.75 million. As a group, analysts anticipate that Alico, Inc. will post -3.52 EPS for the current year.

Alico Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 2nd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, July 2nd. Alico’s payout ratio is 90.91%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Alico from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of Alico from a “sell (d)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Freedom Capital raised shares of Alico from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $45.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its holdings in Alico by 24.2% during the second 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 last quarter. Prescott Group Capital Management L.L.C. increased its stake in shares of Alico by 1.9% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 20,372 shares of the company’s stock worth $741,000 after purchasing an additional 372 shares in the last quarter. Trexquant Investment LP raised its position in shares of Alico by 6.5% in the fourth quarter. Trexquant Investment LP now owns 6,917 shares of the company’s stock valued at $252,000 after purchasing an additional 424 shares during the period. BNP Paribas Financial Markets raised its position in shares of Alico by 86.6% in the third quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock valued at $36,000 after purchasing an additional 478 shares during the period. Finally, UBS Group AG lifted its stake in shares of Alico by 2.0% during the 3rd quarter. UBS Group AG now owns 27,239 shares of the company’s stock valued at $944,000 after buying an additional 523 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

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.