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

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

Hedge Funds Weigh In On Alico

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in shares of Alico by 50.9% in the third quarter. JPMorgan Chase & Co. now owns 13,140 shares of the company’s stock worth $368,000 after purchasing an additional 4,432 shares during the period. Barclays PLC increased its holdings 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 period. Geode Capital Management LLC raised its position 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 buying an additional 9,366 shares in the last quarter. State Street Corp lifted its holdings in shares of Alico by 2.1% during the 3rd quarter. State Street Corp now owns 109,974 shares of the company’s stock worth $3,081,000 after acquiring an additional 2,313 shares during the period. Finally, Harbor Advisors LLC acquired a new stake in shares of Alico during the 3rd quarter worth approximately $215,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Alico Stock Performance

Shares of NASDAQ:ALCO opened at $32.58 on Monday. Alico has a 12-month low of $24.14 and a 12-month high of $34.08. The company’s 50 day moving average price is $27.06 and its two-hundred day moving average price is $27.18. The firm has a market cap of $248.78 million, a PE ratio of 35.41 and a beta of 0.80. The company has a quick ratio of 0.99, a current ratio of 3.81 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 paid a dividend of $0.05 per share. The ex-dividend date was Friday, December 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.61%. Alico’s dividend payout ratio (DPR) 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.