Alico, Inc. (NASDAQ:ALCO) Sees Large Growth in Short Interest

Alico, Inc. (NASDAQ:ALCO - Get Free Report) was the recipient of a significant increase in short interest during 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. Based on an average daily trading volume, of 33,700 shares, the short-interest ratio is presently 6.6 days. Currently, 4.2% of the company's shares are sold short.

Alico Trading Up 1.8 %

Shares of ALCO stock traded up $0.45 on Wednesday, hitting $25.93. The stock had a trading volume of 21,921 shares, compared to its average volume of 27,941. The firm has a market cap of $197.92 million, a P/E ratio of 28.19 and a beta of 0.80. Alico has a twelve month low of $24.14 and a twelve month high of $30.75. The company has a current ratio of 3.81, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $26.04 and a two-hundred day moving average price of $26.80.

Alico Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.20 annualized dividend and a yield of 0.77%. Alico's dividend payout ratio is currently 21.74%.

Hedge Funds Weigh In On Alico

A number of large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew 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 worth $537,000 after acquiring an additional 700 shares in the last quarter. Empowered Funds LLC boosted its stake 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 buying an additional 804 shares during the last quarter. Bard Associates Inc. grew its holdings in shares of Alico by 1.5% in the 3rd quarter. Bard Associates Inc. now owns 54,684 shares of the company's stock valued at $1,532,000 after acquiring an additional 806 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Alico by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 60,233 shares of the company's stock valued at $1,561,000 after purchasing an additional 846 shares during the last quarter. Finally, State Street Corp grew its stake in Alico by 2.1% in the third 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 in the last quarter. Institutional investors own 62.28% of the company's stock.

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.