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

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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.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Citigroup Inc. increased its holdings in shares of Alico by 276.5% in the 4th quarter. Citigroup Inc. now owns 945 shares of the company’s stock worth $29,000 after buying an additional 694 shares during the last quarter. North Star Investment Management Corp. bought a new stake in shares of Alico during the 1st quarter valued at about $30,000. Panagora Asset Management Inc. boosted its position in shares of Alico by 197.3% in the 4th quarter. Panagora Asset Management Inc. now owns 3,193 shares of the company’s stock worth $99,000 after purchasing an additional 2,119 shares in the last quarter. Rhumbline Advisers bought a new stake in Alico in the 4th quarter worth about $245,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Alico in the fourth quarter worth approximately $302,000. 46.76% of the stock is currently owned by institutional investors and hedge funds.

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.

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