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

Alico, Inc. (NASDAQ:ALCO) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 108,593 shares, a decline of 13.6% from the January 15th total of 125,673 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average trading volume of 22,424 shares, the days-to-cover ratio is currently 4.8 days. Based on an average trading volume of 22,424 shares, the days-to-cover ratio is currently 4.8 days. Approximately 1.5% of the company’s shares are short sold.

Institutional Trading of Alico

A number of large investors have recently bought and sold shares of ALCO. Nisa Investment Advisors LLC lifted its stake in Alico by 24.3% in the third quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $52,000 after buying 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. raised its holdings 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 during the period. Peapod Lane Capital LLC lifted its position in Alico by 0.3% in the 2nd quarter. Peapod Lane Capital LLC now owns 131,265 shares of the company’s stock valued at $4,290,000 after acquiring an additional 434 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Alico by 86.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock worth $36,000 after purchasing an additional 478 shares during the period. 62.28% of the stock is owned by institutional investors.

Alico Price Performance

Shares of ALCO stock opened at $40.82 on Tuesday. 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 has a 12-month low of $27.02 and a 12-month high of $43.20. The firm has a fifty day moving average of $38.60 and a 200-day moving average of $35.50. The firm has a market capitalization of $312.68 million, a price-to-earnings ratio of -2.20 and a beta of 1.02.

Alico (NASDAQ:ALCO) last posted its 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 return on equity of 101.66% and a negative net margin of 487.45%.The business had revenue of $1.89 million for the quarter, compared to the consensus estimate of $3.22 million. On average, equities research analysts forecast that Alico will post -0.37 earnings per share for the current year.

Alico Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, January 2nd. Alico’s payout ratio is -1.08%.

Wall Street Analysts Forecast Growth

ALCO has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Alico in a report on Wednesday, January 21st. Roth Mkm reiterated a “buy” rating and set a $42.00 price target on shares of Alico in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $42.00.

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.