Alico, Inc. (NASDAQ:ALCO) Short Interest Up 7.6% in June

Alico, Inc. (NASDAQ:ALCO) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 244,900 shares, an increase of 7.6% from the June 15th total of 227,700 shares. Currently, 4.7% of the company’s stock are short sold. Based on an average daily volume of 25,500 shares, the days-to-cover ratio is presently 9.6 days.

Hedge Funds Weigh In On Alico

Several large investors have recently bought and sold shares of ALCO. Gate City Capital Management LLC bought a new position in Alico during the 4th quarter valued at $20,583,000. Vanguard Group Inc. raised its stake in shares of Alico by 57.0% during the 1st quarter. Vanguard Group Inc. now owns 160,913 shares of the company’s stock worth $4,712,000 after purchasing an additional 58,428 shares during the period. Towerview LLC raised its stake in shares of Alico by 8.0% during the 4th quarter. Towerview LLC now owns 215,303 shares of the company’s stock worth $6,261,000 after purchasing an additional 15,981 shares during the period. Accordant Advisory Group Inc bought a new stake in shares of Alico during the 1st quarter worth $392,000. Finally, Transcend Capital Advisors LLC bought a new stake in shares of Alico during the 4th quarter worth $232,000. 62.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Alico from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th.

Alico Price Performance

Shares of NASDAQ:ALCO opened at $27.08 on Thursday. The company has a current ratio of 2.55, a quick ratio of 1.08 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $25.97 and its two-hundred day simple moving average is $27.57. Alico has a 1-year low of $23.22 and a 1-year high of $31.00. The stock has a market cap of $206.46 million, a PE ratio of 5.16 and a beta of 0.79.

Alico (NASDAQ:ALCO) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.40. Alico had a negative return on equity of 8.22% and a net margin of 99.63%. The business had revenue of $18.11 million for the quarter, compared to analysts’ expectations of $40.60 million. As a group, analysts forecast that Alico will post -5.6 EPS for the current fiscal year.

Alico Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.74%. The ex-dividend date was Friday, June 28th. Alico’s dividend payout ratio (DPR) is presently 3.81%.

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.