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

Alico, Inc. (NASDAQ:ALCO) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 225,300 shares, a decline of 6.8% from the March 31st total of 241,800 shares. Approximately 4.3% of the shares of the company are short sold. Based on an average trading volume of 24,000 shares, the days-to-cover ratio is currently 9.4 days.

Hedge Funds Weigh In On Alico

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALCO. Gate City Capital Management LLC acquired a new position in shares of Alico during the fourth quarter valued at approximately $20,583,000. Towerview LLC lifted its holdings in Alico by 11.0% in the 3rd quarter. Towerview LLC now owns 199,322 shares of the company’s stock valued at $4,975,000 after purchasing an additional 19,822 shares in the last quarter. Accordant Advisory Group Inc acquired a new stake in Alico during the 1st quarter worth $392,000. Pacific Ridge Capital Partners LLC grew its holdings in shares of Alico by 4.3% during the third quarter. Pacific Ridge Capital Partners LLC now owns 215,500 shares of the company’s stock worth $5,379,000 after buying an additional 8,971 shares in the last quarter. Finally, Transcend Capital Advisors LLC acquired a new stake in shares of Alico in the fourth quarter valued at about $232,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Alico Price Performance

Shares of NASDAQ ALCO opened at $28.77 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.52 and a quick ratio of 1.05. The firm’s 50 day simple moving average is $28.09 and its 200-day simple moving average is $27.93. Alico has a 12 month low of $22.58 and a 12 month high of $31.00. The stock has a market capitalization of $219.26 million, a price-to-earnings ratio of 4.57 and a beta of 0.86.

Alico (NASDAQ:ALCO) last posted its earnings results on Wednesday, February 7th. The company reported ($2.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($2.06). The firm had revenue of $13.99 million for the quarter, compared to analysts’ expectations of $11.50 million. Alico had a negative return on equity of 14.09% and a net margin of 110.84%. Analysts expect that Alico will post -3.41 EPS for the current year.

Alico Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a $0.05 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.70%. Alico’s dividend payout ratio is currently 3.17%.

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.