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

Alico, Inc. (NASDAQ:ALCO - Get Free Report) experienced a significant rise in short interest throughout December. By December 31st, the total short interest reached 239,300 shares, marking a 7.9% increase from the previous total of 221,700 shares reported on December 15th. Presently, short sales account for 4.5% of the company's total shares. With an average daily trading volume of 52,400 shares, the days-to-cover ratio stands at 4.6 days.

Alico Trading Performance

On Friday, Alico's stock depreciated by 0.7%, closing at $32.58. During the trading session, 63,345 shares changed hands, compared to an average of 85,288 shares. The company's market capitalization is $248.59 million, with a PE ratio of 35.41 and a beta of 0.80. Alico's stock has fluctuated between a low of $24.14 and a high of $34.08 over the past fifty-two weeks. Financially, the company has a current ratio of 3.81, a quick ratio of 0.99, and a debt-to-equity ratio of 0.35. Its fifty-day moving average is $27.06 while the two-hundred-day moving average is $27.17.

Alico Dividend Information

Recently, Alico announced a quarterly dividend, which was distributed on January 10th. Shareholders registered as of December 27th received a dividend of $0.05 per share. This amounts to an annual dividend of $0.20, yielding a rate of 0.61%. The ex-dividend date was also December 27th, and the company has a payout ratio of 21.74%.

Institutional Investments in Alico

Several institutional investors have adjusted their positions in Alico recently. Dimensional Fund Advisors LP increased its stake by 2.0% in the second quarter, now holding 429,309 shares worth approximately $11.12 million after acquiring an additional 8,306 shares. Similarly, Pacific Ridge Capital Partners LLC boosted its holdings by 2.1% during the same quarter, now owning 206,504 shares valued at $5.35 million following a purchase of 4,231 shares. Additionally, Accordant Advisory Group Inc raised its investment by 49.6% in the third quarter, now counting 24,657 shares worth $690,000. Bard Associates Inc. upped its share count by 1.5%, increasing holdings to 54,684 shares valued at $1.53 million. Lastly, Empowered Funds LLC raised its stake in Alico by 5.4%, now owning 15,797 shares worth $442,000 after acquiring 804 shares. Overall, institutional investors and hedge funds control 62.28% of Alico's shares.

Alico Company Overview

Alico, Inc. operates primarily in the agribusiness and land management sectors in the United States, divided between two main segments: Alico Citrus and Land Management and Other Operations. The Alico Citrus segment focuses on the planting, ownership, cultivation, and management of citrus groves to produce fruit for various markets, both fresh and processed. They also engage in acquiring and reselling fruit, along with offering value-added services such as harvesting, marketing, and hauling of citrus.

Alico, Investments, Dividend