John W.H. Merriman Sells 1,811 Shares of Limoneira (LMNR) Stock

Limoneira (NASDAQ:LMNR) Director John W.H. Merriman sold 1,811 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $24.09, for a total transaction of $43,626.99. Following the completion of the sale, the director now directly owns 2,011 shares of the company’s stock, valued at $48,444.99. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

NASDAQ:LMNR opened at $22.85 on Friday. The stock has a market cap of $406.04 million, a price-to-earnings ratio of 45.70, a PEG ratio of 2.02 and a beta of 0.99. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.38 and a quick ratio of 1.28. Limoneira has a fifty-two week low of $18.07 and a fifty-two week high of $33.42.

Limoneira (NASDAQ:LMNR) last posted its quarterly earnings data on Tuesday, March 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). Limoneira had a return on equity of 3.73% and a net margin of 4.91%. The business had revenue of $42.02 million during the quarter, compared to analysts’ expectations of $44.74 million. Equities research analysts expect that Limoneira will post 0.77 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, April 8th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, April 5th. Limoneira’s dividend payout ratio is currently 60.00%.

A number of large investors have recently modified their holdings of the business. NJ State Employees Deferred Compensation Plan lifted its holdings in Limoneira by 4.0% during the fourth quarter. NJ State Employees Deferred Compensation Plan now owns 26,000 shares of the company’s stock valued at $508,000 after purchasing an additional 1,000 shares in the last quarter. Two Sigma Investments LP lifted its holdings in Limoneira by 4.5% during the fourth quarter. Two Sigma Investments LP now owns 33,434 shares of the company’s stock valued at $654,000 after purchasing an additional 1,434 shares in the last quarter. Ashford Capital Management Inc. lifted its holdings in Limoneira by 0.4% during the fourth quarter. Ashford Capital Management Inc. now owns 530,689 shares of the company’s stock valued at $10,375,000 after purchasing an additional 2,185 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Limoneira by 757.1% during the first quarter. BNP Paribas Arbitrage SA now owns 3,094 shares of the company’s stock valued at $73,000 after purchasing an additional 2,733 shares in the last quarter. Finally, MetLife Investment Advisors LLC lifted its holdings in Limoneira by 56.1% during the third quarter. MetLife Investment Advisors LLC now owns 9,690 shares of the company’s stock valued at $253,000 after purchasing an additional 3,481 shares in the last quarter. 51.23% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently issued reports on LMNR shares. ValuEngine upgraded shares of Limoneira from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Zacks Investment Research upgraded shares of Limoneira from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Stephens started coverage on shares of Limoneira in a research note on Tuesday, January 8th. They issued an “overweight” rating for the company. Finally, BidaskClub upgraded shares of Limoneira from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Limoneira has an average rating of “Buy” and a consensus price target of $30.20.

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Limoneira Company Profile

Limoneira Co is an agribusiness and real estate development company, which engages in the innovation of agricultural citrus industry in California. It operates through the following three divisions: Agribusiness, Rental Operations and Real Estate Development. The Agribusiness division comprised of lemon operations and other agribusiness segments include farming, harvesting, lemon packing, and lemon sales operations.

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