Alico, Inc. (NASDAQ:ALCO) Short Interest Up 5.0% in December

Alico, Inc. (NASDAQ:ALCO) was the recipient of a significant increase in short interest in 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 short sold. Based on an average daily trading volume, of 33,700 shares, the short-interest ratio is currently 6.6 days.

Hedge Funds Weigh In On Alico

A number of large investors have recently bought and sold shares of ALCO. Dimensional Fund Advisors LP boosted its position in Alico by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 429,309 shares of the company’s stock valued at $11,124,000 after acquiring an additional 8,306 shares in the last quarter. CM Management LLC grew its stake in Alico by 4.7% in the second quarter. CM Management LLC now owns 225,000 shares of the company’s stock valued at $5,830,000 after purchasing an additional 10,000 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Alico by 2.1% in the second quarter. Pacific Ridge Capital Partners LLC now owns 206,504 shares of the company’s stock worth $5,351,000 after purchasing an additional 4,231 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Alico by 6.9% during the third quarter. Geode Capital Management LLC now owns 145,535 shares of the company’s stock valued at $4,071,000 after buying an additional 9,366 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Alico by 2.1% in the 3rd 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 in the last quarter. Institutional investors own 62.28% of the company’s stock.

Alico Stock Performance

ALCO stock opened at $25.90 on Friday. Alico has a 1-year low of $24.14 and a 1-year high of $30.75. The business has a 50-day moving average price of $26.03 and a 200 day moving average price of $26.79. The company has a market capitalization of $197.69 million, a P/E 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 Dividend Announcement

The firm also recently disclosed 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 dividend payout ratio is presently 21.74%.

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.