Alico, Inc. (NASDAQ:ALCO) Short Interest Up 7.9% in December

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

Alico Trading Down 0.7 %

Alico stock opened at $32.58 on Monday. The company has a market cap of $248.78 million, a price-to-earnings ratio of 35.41 and a beta of 0.80. The firm has a 50-day moving average of $27.06 and a 200-day moving average of $27.18. 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 has a one year low of $24.14 and a one year high of $34.08.

Alico Announces Dividend

The business also recently declared 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 dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, December 27th. Alico’s dividend payout ratio (DPR) is 21.74%.

Institutional Investors Weigh In On Alico

Large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in Alico by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company’s stock valued at $537,000 after acquiring an additional 700 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Alico by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock valued at $442,000 after purchasing an additional 804 shares during the period. Bard Associates Inc. lifted 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 grew its holdings in Alico by 2.1% during the third quarter. State Street Corp now owns 109,974 shares of the company’s stock worth $3,081,000 after purchasing an additional 2,313 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its position in Alico by 2.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 206,504 shares of the company’s stock worth $5,351,000 after buying an additional 4,231 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.