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

Alico, Inc. (NASDAQ:ALCO) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 26,900 shares, a decline of 55.1% from the December 15th total of 59,900 shares. Based on an average trading volume of 37,900 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.6% of the shares of the company are short sold.

A number of institutional investors and hedge funds have recently made changes to their positions in ALCO. Pacific Ridge Capital Partners LLC acquired a new position in Alico in the 2nd quarter valued at $6,391,000. Millennium Management LLC boosted its position in shares of Alico by 301.6% during the 2nd quarter. Millennium Management LLC now owns 80,749 shares of the company’s stock worth $2,875,000 after purchasing an additional 60,644 shares in the last quarter. Naples Global Advisors LLC purchased a new stake in shares of Alico during the 3rd quarter worth $1,343,000. Ancora Advisors LLC purchased a new stake in shares of Alico during the 3rd quarter worth $980,000. Finally, Two Sigma Advisers LP purchased a new stake in shares of Alico during the 3rd quarter worth $820,000. 51.98% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research cut shares of Alico from a “hold” rating to a “strong sell” rating in a report on Friday, December 10th.

Shares of ALCO opened at $37.42 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.52 and a current ratio of 2.46. The stock has a market capitalization of $282.00 million, a P/E ratio of 8.06 and a beta of 0.53. The company’s fifty day moving average is $36.39 and its two-hundred day moving average is $35.97. Alico has a 1 year low of $28.54 and a 1 year high of $39.05.

Alico (NASDAQ:ALCO) last announced its quarterly earnings data on Tuesday, December 7th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.15. Alico had a net margin of 32.11% and a return on equity of 1.86%. During the same period in the previous year, the company posted ($0.43) EPS. Sell-side analysts predict that Alico will post 0.87 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 14th. Shareholders of record on Friday, December 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, December 30th. This represents a $2.00 annualized dividend and a yield of 5.34%. Alico’s dividend payout ratio is currently 43.10%.

Alico Company Profile

Alico, Inc is a holding company, which engages in the operations in agriculture, land management, and natural resources. It operates through Alico Citrus and, and Land Management and Other Operations segments. The Alico Citrus segment cultivates citrus trees to produce citrus for delivery to the processed and fresh citrus markets.

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