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

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

Institutional Trading of Alico

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Alico by 2.0% during the second 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. Geode Capital Management LLC raised its position in Alico by 6.9% during the third quarter. Geode Capital Management LLC now owns 145,535 shares of the company’s stock worth $4,071,000 after acquiring an additional 9,366 shares during the period. Peapod Lane Capital LLC acquired a new stake in shares of Alico in the fourth quarter valued at about $3,380,000. State Street Corp raised its position in shares of Alico by 2.1% in the third quarter. State Street Corp now owns 109,974 shares of the company’s stock valued at $3,081,000 after buying an additional 2,313 shares during the last quarter. Finally, Bard Associates Inc. raised its position in shares of Alico by 1.5% in the third 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. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Alico Stock Down 1.9 %

Shares of NASDAQ:ALCO traded down $0.60 during trading hours on Monday, hitting $30.29. The company’s stock had a trading volume of 17,076 shares, compared to its average volume of 96,671. Alico has a 52 week low of $24.14 and a 52 week high of $34.08. 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 company has a market capitalization of $231.42 million, a price-to-earnings ratio of 33.09 and a beta of 0.81. The firm’s fifty day moving average price is $28.18 and its 200 day moving average price is $27.58.

Alico Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.66%. The ex-dividend date was Friday, December 27th. Alico’s dividend payout ratio is presently 21.74%.

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.