Alico, Inc. (NASDAQ:ALCO) Short Interest Down 19.2% in October

Alico, Inc. (NASDAQ:ALCO) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 240,400 shares, a decline of 19.2% from the October 15th total of 297,600 shares. Currently, 4.6% of the shares of the company are sold short. Based on an average daily volume of 27,000 shares, the days-to-cover ratio is presently 8.9 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new position in Alico during the first quarter worth $99,000. BNP Paribas Financial Markets boosted its position in Alico by 80.1% in the first quarter. BNP Paribas Financial Markets now owns 3,582 shares of the company’s stock valued at $105,000 after buying an additional 1,593 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Alico during the first quarter worth about $217,000. Harbor Advisors LLC acquired a new stake in shares of Alico during the third quarter worth approximately $215,000. Finally, Transcend Capital Advisors LLC raised its stake in shares of Alico by 7.4% in the second quarter. Transcend Capital Advisors LLC now owns 9,267 shares of the company’s stock valued at $240,000 after acquiring an additional 640 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Alico Stock Up 0.0 %

ALCO opened at $25.35 on Friday. The company has a market capitalization of $193.27 million, a P/E ratio of 7.41 and a beta of 0.79. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.67 and a quick ratio of 0.90. The firm’s fifty day moving average price is $26.72 and its two-hundred day moving average price is $26.89. Alico has a fifty-two week low of $24.14 and a fifty-two week high of $31.00.

Alico Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.79%. Alico’s dividend payout ratio (DPR) is currently 5.85%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Alico to a “sell” rating in a research report on Thursday, August 29th.

About Alico

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.