Short Interest in Alico, Inc. (NASDAQ:ALCO) Grows By 7.9%

Alico, Inc. (NASDAQ:ALCO) was the recipient of a significant growth in short interest in 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. Based on an average daily trading volume, of 52,400 shares, the days-to-cover ratio is presently 4.6 days. Currently, 4.5% of the company’s stock are sold short.

Institutional Trading of Alico

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Alico by 6.9% in the third quarter. Geode Capital Management LLC now owns 145,535 shares of the company’s stock worth $4,071,000 after purchasing an additional 9,366 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Alico by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 429,309 shares of the company’s stock worth $11,124,000 after purchasing an additional 8,306 shares during the period. Accordant Advisory Group Inc grew its position in Alico by 49.6% in the 3rd quarter. Accordant Advisory Group Inc now owns 24,657 shares of the company’s stock valued at $690,000 after buying an additional 8,176 shares in the last quarter. Harbor Advisors LLC acquired a new position in Alico during the 3rd quarter valued at about $215,000. Finally, Barclays PLC raised its position in shares of Alico by 229.2% during the 3rd quarter. Barclays PLC now owns 9,336 shares of the company’s stock worth $261,000 after buying an additional 6,500 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors.

Alico Stock Performance

Shares of ALCO traded down $0.22 during mid-day trading on Friday, hitting $32.58. The stock had a trading volume of 63,345 shares, compared to its average volume of 85,288. Alico has a fifty-two week low of $24.14 and a fifty-two week high of $34.08. The company has a quick ratio of 0.99, a current ratio of 3.81 and a debt-to-equity ratio of 0.35. The company has a market cap of $248.59 million, a PE ratio of 35.41 and a beta of 0.80. The company’s fifty day simple moving average is $27.06 and its two-hundred day simple moving average is $27.17.

Alico Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.61%. Alico’s dividend payout ratio is currently 21.74%.

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.