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

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of Alico by 50.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company's stock valued at $368,000 after purchasing an additional 4,432 shares during the last quarter. Barclays PLC boosted its stake in shares of Alico by 229.2% in the 3rd quarter. Barclays PLC now owns 9,336 shares of the company's stock valued at $261,000 after purchasing an additional 6,500 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Alico by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 145,535 shares of the company's stock valued at $4,071,000 after purchasing an additional 9,366 shares during the last quarter. State Street Corp boosted its stake 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 purchasing an additional 2,313 shares during the last quarter. Finally, Harbor Advisors LLC bought a new position in shares of Alico in the 3rd quarter valued at about $215,000. Institutional investors own 62.28% of the company's stock.

Alico Price Performance

NASDAQ:ALCO traded down $0.22 during mid-day trading on Monday, reaching $32.58. 63,345 shares of the company were exchanged, compared to its average volume of 85,288. Alico has a 12 month low of $24.14 and a 12 month high of $34.08. The company has a fifty day moving average of $27.06 and a 200 day moving average of $27.18. 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 stock has a market cap of $248.59 million, a PE ratio of 35.41 and a beta of 0.80.

Alico Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a $0.05 dividend. 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 presently 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.