Alico, Inc. (NASDAQ:ALCO) Sees Significant Growth in Short Interest

Alico, Inc. (NASDAQ:ALCOGet Rating) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 67,600 shares, a growth of 55.8% from the March 31st total of 43,400 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average trading volume of 65,000 shares, the days-to-cover ratio is presently 1.0 days.

Institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA lifted its position in Alico by 383.9% during the fourth quarter. BNP Paribas Arbitrage SA now owns 992 shares of the company’s stock valued at $37,000 after purchasing an additional 787 shares during the last quarter. Nkcfo LLC bought a new stake in shares of Alico in the 1st quarter worth approximately $120,000. Barclays PLC lifted its holdings in shares of Alico by 198.7% in the 4th quarter. Barclays PLC now owns 4,487 shares of the company’s stock worth $166,000 after acquiring an additional 2,985 shares during the last quarter. Ritholtz Wealth Management bought a new stake in shares of Alico in the 1st quarter worth approximately $202,000. Finally, Raymond James & Associates bought a new stake in shares of Alico in the 4th quarter worth approximately $208,000. Institutional investors and hedge funds own 48.02% of the company’s stock.

Shares of Alico stock opened at $39.67 on Friday. Alico has a 1 year low of $29.86 and a 1 year high of $43.65. The firm has a market cap of $299.51 million, a PE ratio of 7.25 and a beta of 0.60. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.69 and a quick ratio of 0.80. The company has a 50 day simple moving average of $36.46 and a two-hundred day simple moving average of $35.91.

Alico (NASDAQ:ALCOGet Rating) last announced its earnings results on Thursday, February 3rd. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.05. Alico had a net margin of 37.35% and a return on equity of 1.83%. The business had revenue of $15.34 million during the quarter, compared to analyst estimates of $13.00 million. During the same period in the previous year, the business posted ($0.24) earnings per share. As a group, research analysts anticipate that Alico will post -0.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 8th. Shareholders of record on Friday, March 25th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 24th. This represents a $2.00 annualized dividend and a yield of 5.04%. Alico’s payout ratio is presently 36.56%.

A number of equities analysts have recently commented on ALCO shares. StockNews.com started coverage on shares of Alico in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research lowered shares of Alico from a “hold” rating to a “sell” rating in a research report on Thursday, March 10th.

Alico Company Profile (Get Rating)

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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