Alico, Inc. (NASDAQ:ALCO) Sees Large Increase in Short Interest

Alico, Inc. (NASDAQ:ALCO) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 221,700 shares, an increase of 5.0% from the November 30th total of 211,100 shares. Currently, 4.2% of the company’s stock are sold short. Based on an average daily volume of 33,700 shares, the short-interest ratio is presently 6.6 days.

Alico Stock Down 0.1 %

Alico stock opened at $25.90 on Friday. The business has a fifty day moving average price of $26.03 and a 200-day moving average price of $26.79. Alico has a 1-year low of $24.14 and a 1-year high of $30.75. The stock has a market capitalization of $197.69 million, a price-to-earnings ratio of 28.15 and a beta of 0.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.81 and a quick ratio of 0.99.

Alico Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.77%. Alico’s payout ratio is 21.74%.

Hedge Funds Weigh In On Alico

Hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its position in Alico by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company’s stock worth $537,000 after purchasing an additional 700 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Alico by 5.4% during the third quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock valued at $442,000 after buying an additional 804 shares during the last quarter. Bard Associates Inc. increased its position in shares of 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 acquiring an additional 806 shares during the period. Bank of New York Mellon Corp raised its stake in Alico by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 60,233 shares of the company’s stock worth $1,561,000 after acquiring an additional 846 shares during the last quarter. Finally, State Street Corp lifted its position in Alico by 2.1% during the 3rd quarter. State Street Corp now owns 109,974 shares of the company’s stock worth $3,081,000 after acquiring an additional 2,313 shares during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

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.