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

Alico, Inc. (NASDAQ:ALCO) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 108,593 shares, a decrease of 13.6% from the January 15th total of 125,673 shares. Based on an average daily volume of 22,424 shares, the days-to-cover ratio is presently 4.8 days. Currently, 1.5% of the shares of the company are short sold. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 22,424 shares, the days-to-cover ratio is presently 4.8 days.

Analysts Set New Price Targets

A number of analysts have commented on ALCO shares. Roth Mkm reaffirmed a “buy” rating and set a $42.00 target price on shares of Alico in a report on Wednesday, November 26th. Weiss Ratings restated a “sell (d)” rating on shares of Alico in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $42.00.

Institutional Trading of Alico

Several hedge funds have recently bought and sold shares of ALCO. Gate City Capital Management LLC boosted its holdings in shares of Alico by 28.2% during the 2nd quarter. Gate City Capital Management LLC now owns 1,126,553 shares of the company’s stock valued at $36,816,000 after purchasing an additional 248,136 shares during the last quarter. Accordant Advisory Group Inc lifted its position in shares of Alico by 39.4% in the fourth quarter. Accordant Advisory Group Inc now owns 94,411 shares of the company’s stock worth $3,435,000 after buying an additional 26,688 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Alico during the 4th quarter valued at approximately $796,000. Redmont Wealth Advisors LLC purchased a new position in shares of Alico in the third quarter valued at $648,000. Finally, Jane Street Group LLC bought a new stake in Alico in the second quarter worth $439,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Alico Trading Down 1.9%

Shares of ALCO stock opened at $40.33 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 13.02 and a current ratio of 14.39. The stock has a fifty day simple moving average of $38.76 and a two-hundred day simple moving average of $35.60. The firm has a market capitalization of $308.93 million, a PE ratio of -2.18 and a beta of 1.02. Alico has a 52-week low of $27.02 and a 52-week high of $43.20.

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

Alico Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were given a dividend of $0.05 per share. The ex-dividend date was Friday, January 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. Alico’s dividend payout ratio is currently -1.08%.

About Alico

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.