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

Alico, Inc. (NASDAQ:ALCO - Get Free Report) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 240,400 shares, a decline of 19.2% from the October 15th total of 297,600 shares. Based on an average daily volume of 27,000 shares, the days-to-cover ratio is currently 8.9 days. Currently, 4.6% of the company's shares are short sold.

Alico Stock Up 0.0 %

Shares of NASDAQ:ALCO traded up $0.01 during mid-day trading on Friday, hitting $25.35. 34,990 shares of the company traded hands, compared to its average volume of 26,413. The stock has a 50-day moving average price of $26.72 and a two-hundred day moving average price of $26.90. Alico has a 12-month low of $24.14 and a 12-month high of $31.00. The stock has a market cap of $193.17 million, a P/E ratio of 7.41 and a beta of 0.79. The company has a current ratio of 2.67, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30.

Alico Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, September 27th. Alico's dividend payout ratio is presently 5.85%.

Hedge Funds Weigh In On Alico

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC grew its position in Alico by 229.2% during the third quarter. Barclays PLC now owns 9,336 shares of the company's stock valued at $261,000 after acquiring an additional 6,500 shares during the last quarter. State Street Corp raised its position in Alico by 2.1% during 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. Harbor Advisors LLC purchased a new stake in Alico in the third quarter worth $215,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Alico by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,185 shares of the company's stock valued at $537,000 after purchasing an additional 700 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Alico by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 15,797 shares of the company's stock worth $442,000 after acquiring an additional 804 shares during the period. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Alico to a "sell" rating in a research report on Thursday, August 29th.

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.