Alico, Inc. (NASDAQ:ALCO) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 83,600 shares, a growth of 20.5% from the March 31st total of 69,400 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average trading volume of 32,100 shares, the days-to-cover ratio is presently 2.6 days.
Separately, Zacks Investment Research raised Alico from a “sell” rating to a “hold” rating in a report on Wednesday, April 7th.
In other news, major shareholder Remy W. Trafelet sold 49,923 shares of the company’s stock in a transaction that occurred on Tuesday, February 9th. The stock was sold at an average price of $31.00, for a total transaction of $1,547,613.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.70% of the stock is owned by insiders.
Shares of ALCO stock opened at $30.64 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.52 and a current ratio of 2.45. The firm has a market cap of $229.98 million, a price-to-earnings ratio of 9.70 and a beta of 0.68. Alico has a 52 week low of $26.50 and a 52 week high of $34.00. The firm’s 50-day simple moving average is $29.63 and its two-hundred day simple moving average is $30.41.
Alico (NASDAQ:ALCO) last posted its earnings results on Wednesday, February 3rd. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.02). Alico had a negative return on equity of 0.87% and a net margin of 25.58%. The business had revenue of $13.73 million for the quarter, compared to analysts’ expectations of $12.90 million. Analysts forecast that Alico will post 0.88 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 9th. Investors of record on Friday, March 26th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, March 25th. Alico’s dividend payout ratio (DPR) is -300.00%.
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 cultivates citrus trees to produce citrus for delivery to the processed and fresh citrus markets.
Featured Article: What is Net Asset Value (NAV)?
Receive News & Ratings for Alico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alico and related companies with MarketBeat.com's FREE daily email newsletter.