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

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ALCO. Harbor Advisors LLC bought a new stake in Alico in the 3rd quarter valued at about $215,000. Barclays PLC increased its stake in 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 buying an additional 6,500 shares during the last quarter. Transcend Capital Advisors LLC boosted its stake in shares of Alico by 6.8% in the 4th quarter. Transcend Capital Advisors LLC now owns 10,670 shares of the company's stock worth $277,000 after buying an additional 684 shares during the last quarter. Abundance Wealth Counselors purchased a new stake in shares of Alico during the fourth quarter valued at approximately $286,000. Finally, JPMorgan Chase & Co. increased its position in shares of Alico by 50.9% during 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. Institutional investors and hedge funds own 62.28% of the company's stock.

Alico Stock Down 0.7 %

Shares of NASDAQ ALCO traded down $0.20 during midday trading on Wednesday, reaching $30.45. The company's stock had a trading volume of 22,814 shares, compared to its average volume of 92,479. The stock has a market capitalization of $232.64 million, a price-to-earnings ratio of 33.10 and a beta of 0.81. Alico has a fifty-two week low of $24.14 and a fifty-two week high of $34.08. The stock has a 50 day simple moving average of $28.33 and a 200-day simple moving average of $27.63. The company has a current ratio of 3.81, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35.

Alico Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a $0.05 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.20 annualized dividend and a yield of 0.66%. 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.