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

Alico, Inc. (NASDAQ:ALCOGet Rating) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 218,400 shares, a decline of 10.2% from the August 15th total of 243,300 shares. Currently, 4.8% of the company’s stock are short sold. Based on an average daily volume of 72,200 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Trading of Alico

Several large investors have recently added to or reduced their stakes in ALCO. First Eagle Investment Management LLC lifted its stake in Alico by 199.8% during the first quarter. First Eagle Investment Management LLC now owns 38,970 shares of the company’s stock worth $1,464,000 after purchasing an additional 25,970 shares during the period. Dean Capital Management lifted its position in Alico by 2.5% in the 4th quarter. Dean Capital Management now owns 12,670 shares of the company’s stock valued at $469,000 after acquiring an additional 314 shares in the last quarter. Oak Family Advisors LLC lifted its position in Alico by 45.6% in the 1st quarter. Oak Family Advisors LLC now owns 126,493 shares of the company’s stock valued at $4,751,000 after acquiring an additional 39,590 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Alico in the 1st quarter valued at $339,000. Finally, Dfpg Investments LLC increased its stake in shares of Alico by 17.7% during the 1st quarter. Dfpg Investments LLC now owns 36,433 shares of the company’s stock worth $1,555,000 after purchasing an additional 5,473 shares during the last quarter. 44.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ALCO shares. StockNews.com cut Alico from a “hold” rating to a “sell” rating in a research note on Friday, August 5th. TheStreet cut Alico from a “b” rating to a “c+” rating in a research note on Friday, August 19th.

Alico Stock Down 1.5 %

Shares of Alico stock opened at $32.37 on Monday. The company has a quick ratio of 0.63, a current ratio of 2.47 and a debt-to-equity ratio of 0.38. The firm has a market cap of $244.88 million, a P/E ratio of 7.51 and a beta of 0.59. Alico has a fifty-two week low of $31.81 and a fifty-two week high of $43.65. The business has a 50-day moving average price of $34.18 and a 200 day moving average price of $36.92.

Alico (NASDAQ:ALCOGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.27). Alico had a net margin of 34.31% and a negative return on equity of 2.06%. During the same period in the prior year, the business earned $0.51 earnings per share. On average, sell-side analysts forecast that Alico will post -0.7 earnings per share for the current fiscal year.

Alico Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, September 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.18%. Alico’s dividend payout ratio (DPR) is presently 46.40%.

About Alico

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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.

Further Reading

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