Alico, Inc. (NASDAQ:ALCO) Short Interest Update

Alico, Inc. (NASDAQ:ALCO) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 239,300 shares, an increase of 7.9% from the December 15th total of 221,700 shares. Currently, 4.5% of the company’s shares are sold short. Based on an average daily volume of 52,400 shares, the days-to-cover ratio is currently 4.6 days.

Alico Trading Down 0.7 %

NASDAQ:ALCO traded down $0.22 on Friday, hitting $32.58. 63,345 shares of the stock were exchanged, compared to its average volume of 85,288. The stock has a market cap of $248.59 million, a PE ratio of 35.41 and a beta of 0.80. Alico has a fifty-two week low of $24.14 and a fifty-two week high of $34.08. The company has a current ratio of 3.81, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average of $27.06 and a 200-day moving average of $27.17.

Alico Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, December 27th. Alico’s payout ratio is 21.74%.

Institutional Investors Weigh In On Alico

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Alico by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 429,309 shares of the company’s stock worth $11,124,000 after acquiring an additional 8,306 shares during the period. Pacific Ridge Capital Partners LLC grew its holdings in Alico by 2.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 206,504 shares of the company’s stock valued at $5,351,000 after purchasing an additional 4,231 shares in the last quarter. Accordant Advisory Group Inc increased its stake in Alico by 49.6% during the 3rd quarter. Accordant Advisory Group Inc now owns 24,657 shares of the company’s stock worth $690,000 after buying an additional 8,176 shares during the period. Bard Associates Inc. boosted its position in Alico by 1.5% in the 3rd quarter. Bard Associates Inc. now owns 54,684 shares of the company’s stock valued at $1,532,000 after buying an additional 806 shares during the last quarter. Finally, Empowered Funds LLC increased its position in shares of Alico by 5.4% during the third quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock worth $442,000 after acquiring an additional 804 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Alico Company Profile

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.