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

Alico, Inc. (NASDAQ:ALCO) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 157,293 shares, an increase of 26.4% from the March 15th total of 124,414 shares. Currently, 2.2% of the company’s shares are short sold. Based on an average daily volume of 39,841 shares, the short-interest ratio is presently 3.9 days.

Alico Price Performance

Shares of NASDAQ ALCO opened at $42.94 on Friday. Alico has a twelve month low of $27.85 and a twelve month high of $45.01. The firm has a fifty day simple moving average of $40.86 and a 200 day simple moving average of $37.67. The company has a market capitalization of $328.92 million, a PE ratio of -2.32 and a beta of 1.00. The company has a quick ratio of 13.02, a current ratio of 14.39 and a debt-to-equity ratio of 0.82.

Alico (NASDAQ:ALCO) last posted its quarterly earnings results on Wednesday, February 4th. The company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.92). Alico had a negative net margin of 487.45% and a negative return on equity of 101.66%. The company had revenue of $1.89 million during the quarter, compared to the consensus estimate of $3.22 million. On average, sell-side analysts forecast that Alico will post -0.37 EPS for the current year.

Alico Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Friday, April 3rd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, April 2nd. Alico’s payout ratio is -1.08%.

Institutional Investors Weigh In On Alico

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its position in shares of Alico by 24.3% during the third quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $52,000 after acquiring an additional 294 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Alico by 24.2% during the second quarter. Osaic Holdings Inc. now owns 1,611 shares of the company’s stock worth $53,000 after acquiring an additional 314 shares in the last quarter. Prescott Group Capital Management L.L.C. increased its position in shares of Alico by 1.9% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 20,372 shares of the company’s stock worth $741,000 after acquiring an additional 372 shares in the last quarter. Trexquant Investment LP increased its position in shares of Alico by 6.5% during the fourth quarter. Trexquant Investment LP now owns 6,917 shares of the company’s stock worth $252,000 after acquiring an additional 424 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Alico by 86.6% during the third quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock worth $36,000 after acquiring an additional 478 shares in the last quarter. 62.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ALCO has been the topic of a number of recent research reports. Roth Mkm set a $45.00 price target on shares of Alico and gave the stock a “buy” rating in a report on Friday, March 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Alico in a research note on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of Alico from a “hold” rating to a “sell” rating in a research note on Sunday, March 22nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Alico currently has an average rating of “Hold” and a consensus price target of $45.00.

Alico Company Profile

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.