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

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

Alico Stock Down 1.9 %

NASDAQ:ALCO traded down $0.60 during mid-day trading on Monday, hitting $30.29. The stock had a trading volume of 17,076 shares, compared to its average volume of 96,671. The company has a current ratio of 3.81, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. Alico has a twelve month low of $24.14 and a twelve month high of $34.08. The stock has a 50-day simple moving average of $28.18 and a two-hundred day simple moving average of $27.58. The company has a market capitalization of $231.42 million, a PE ratio of 33.09 and a beta of 0.81.

Alico Dividend Announcement

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

Hedge Funds Weigh In On Alico

A number of hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its position in shares of Alico by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company’s stock worth $537,000 after acquiring an additional 700 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Alico by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock worth $442,000 after purchasing an additional 804 shares in the last quarter. Bard Associates Inc. raised its stake 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 purchasing an additional 806 shares during the last quarter. 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, JPMorgan Chase & Co. boosted its holdings in shares of Alico by 50.9% during the third quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company’s stock worth $368,000 after purchasing an additional 4,432 shares during the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

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.