Alico, Inc. (NASDAQ:ALCO) Sees Significant Decline in Short Interest

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Alico, Inc. (NASDAQ:ALCO) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 13,100 shares, a decline of 13.2% from the January 15th total of 15,100 shares. Based on an average daily trading volume, of 15,000 shares, the short-interest ratio is currently 0.9 days. Approximately 0.3% of the shares of the company are short sold.

ALCO opened at $37.40 on Friday. The stock has a market cap of $267.10 million, a PE ratio of 6.80 and a beta of 0.87. The company has a current ratio of 2.33, a quick ratio of 0.45 and a debt-to-equity ratio of 0.75. Alico has a 1 year low of $25.25 and a 1 year high of $38.25. The stock’s 50 day simple moving average is $36.46 and its 200-day simple moving average is $33.76.

Alico (NASDAQ:ALCO) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.42) earnings per share (EPS) for the quarter. The firm had revenue of $1.39 million for the quarter. Alico had a net margin of 34.68% and a return on equity of 10.50%.

In other Alico news, major shareholder Remy W. Trafelet sold 1,000 shares of Alico stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $33.27, for a total value of $33,270.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Remy W. Trafelet sold 1,412 shares of Alico stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $33.92, for a total value of $47,895.04. Over the last ninety days, insiders sold 10,000 shares of company stock worth $335,970. Company insiders own 7.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Alico by 48.2% during the second quarter. Vanguard Group Inc. now owns 296,879 shares of the company’s stock valued at $9,008,000 after purchasing an additional 96,490 shares during the period. BlackRock Inc. boosted its stake in Alico by 16.6% in the 2nd quarter. BlackRock Inc. now owns 280,278 shares of the company’s stock valued at $8,503,000 after buying an additional 39,856 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Alico by 44.4% in the 4th quarter. Renaissance Technologies LLC now owns 123,341 shares of the company’s stock valued at $4,419,000 after buying an additional 37,917 shares in the last quarter. Harbert Fund Advisors Inc. acquired a new stake in Alico in the 4th quarter valued at $2,867,000. Finally, State Street Corp boosted its stake in Alico by 19.3% in the 4th quarter. State Street Corp now owns 75,391 shares of the company’s stock valued at $2,708,000 after buying an additional 12,192 shares in the last quarter. Institutional investors and hedge funds own 69.92% of the company’s stock.

A number of analysts have recently issued reports on ALCO shares. BidaskClub cut Alico from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. TheStreet upgraded Alico from a “c+” rating to a “b” rating in a research report on Wednesday, February 5th.

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 Water Resources and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruits for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which comprise contracting for the harvesting, marketing, and hauling of citrus.

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