Bfsg LLC Takes $36,000 Position in Limoneira (NASDAQ:LMNR)

Bfsg LLC bought a new stake in Limoneira (NASDAQ:LMNR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,722 shares of the company’s stock, valued at approximately $36,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Riverwater Partners LLC raised its position in shares of Limoneira by 1.3% in the 4th quarter. Riverwater Partners LLC now owns 110,759 shares of the company’s stock valued at $2,285,000 after buying an additional 1,423 shares in the last quarter. SG Americas Securities LLC increased its position in Limoneira by 26.5% during the 4th quarter. SG Americas Securities LLC now owns 9,621 shares of the company’s stock worth $198,000 after purchasing an additional 2,013 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Limoneira during the 3rd quarter worth approximately $64,000. Gabelli Funds LLC increased its position in Limoneira by 7.0% during the 3rd quarter. Gabelli Funds LLC now owns 72,200 shares of the company’s stock worth $1,106,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Limoneira during the 3rd quarter worth approximately $419,000. 64.35% of the stock is currently owned by institutional investors and hedge funds.

Limoneira Stock Down 1.6 %

LMNR opened at $19.74 on Friday. Limoneira has a fifty-two week low of $13.88 and a fifty-two week high of $21.62. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.84. The company’s 50 day moving average price is $18.93 and its two-hundred day moving average price is $17.76.

Limoneira (NASDAQ:LMNR) last posted its earnings results on Thursday, March 7th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.05. Limoneira had a negative net margin of 5.40% and a negative return on equity of 1.16%. The firm had revenue of $39.73 million for the quarter, compared to analyst estimates of $39.07 million. During the same period in the previous year, the firm posted ($0.53) EPS. As a group, sell-side analysts anticipate that Limoneira will post 0.13 earnings per share for the current year.

Limoneira Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 1st were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, March 28th. Limoneira’s payout ratio is -51.72%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Roth Mkm upped their price objective on shares of Limoneira from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. TheStreet cut shares of Limoneira from a “b-” rating to a “c+” rating in a research report on Tuesday, January 30th. Finally, StockNews.com upgraded shares of Limoneira from a “sell” rating to a “hold” rating in a research report on Friday, April 19th.

About Limoneira

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.