Limoneira (NASDAQ:LMNR) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Limoneira (NASDAQ:LMNR – Get Rating) in a report issued on Thursday. The firm issued a hold rating on the stock.

A number of other analysts have also weighed in on the stock. TheStreet upgraded shares of Limoneira from a c rating to a b- rating in a research note on Friday, March 10th. Roth Capital reduced their price objective on shares of Limoneira from $20.00 to $17.00 and set a buy rating for the company in a research note on Thursday, December 29th.

Limoneira Stock Down 4.0 %

NASDAQ:LMNR traded down $0.65 on Thursday, reaching $15.46. 93,748 shares of the stock traded hands, compared to its average volume of 76,132. The company has a market capitalization of $275.65 million, a price-to-earnings ratio of 13.33, a PEG ratio of 26.85 and a beta of 0.62. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.20. Limoneira has a 12 month low of $10.44 and a 12 month high of $17.05. The company’s fifty day simple moving average is $14.44 and its 200 day simple moving average is $13.37.

Limoneira (NASDAQ:LMNR – Get Rating) last released its quarterly earnings data on Thursday, December 22nd. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.21). The firm had revenue of $39.66 million for the quarter, compared to the consensus estimate of $32.96 million. Limoneira had a net margin of 11.96% and a negative return on equity of 3.04%. Equities analysts predict that Limoneira will post 0.04 EPS for the current fiscal year.

Limoneira Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Tuesday, January 3rd were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Friday, December 30th. Limoneira’s payout ratio is presently 25.86%.

Insider Activity

In other news, CEO Harold S. Edwards sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $15.05, for a total transaction of $105,350.00. Following the sale, the chief executive officer now owns 187,264 shares of the company’s stock, valued at approximately $2,818,323.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Harold S. Edwards sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $15.05, for a total transaction of $105,350.00. Following the sale, the chief executive officer now owns 187,264 shares of the company’s stock, valued at approximately $2,818,323.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Scott S. Slater acquired 3,187 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was acquired at an average cost of $15.69 per share, for a total transaction of $50,004.03. Following the acquisition, the director now owns 41,539 shares of the company’s stock, valued at approximately $651,746.91. The disclosure for this purchase can be found here. Insiders own 2.92% of the company’s stock.

Hedge Funds Weigh In On Limoneira

A number of institutional investors and hedge funds have recently made changes to their positions in LMNR. PNC Financial Services Group Inc. boosted its holdings in shares of Limoneira by 58.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,700 shares of the company’s stock worth $70,000 after buying an additional 2,100 shares during the last quarter. UBS Group AG boosted its holdings in shares of Limoneira by 100.7% in the fourth quarter. UBS Group AG now owns 6,050 shares of the company’s stock worth $74,000 after buying an additional 3,035 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Limoneira in the third quarter worth approximately $83,000. Barclays PLC boosted its holdings in shares of Limoneira by 665.2% in the fourth quarter. Barclays PLC now owns 6,764 shares of the company’s stock worth $83,000 after buying an additional 5,880 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in shares of Limoneira by 151.3% in the first quarter. Penserra Capital Management LLC now owns 6,062 shares of the company’s stock worth $88,000 after buying an additional 3,650 shares during the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

Limoneira Company Profile

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Limoneira Co is an agribusiness and real estate development company, which engages in the innovation of the agricultural citrus industry in California. It operates through the following segments: Fresh Lemons, Lemon Packing, Avocados, and Other Agribusiness. The Fresh Lemons segments focuses on the sale of fresh lemons, lemon by-products, brokered fruit and other lemon revenue.