Harold S. Edwards Sells 1,000 Shares of Limoneira (NASDAQ:LMNR) Stock

Limoneira (NASDAQ:LMNR) CEO Harold S. Edwards sold 1,000 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $23.76, for a total value of $23,760.00. Following the transaction, the chief executive officer now owns 136,957 shares of the company’s stock, valued at $3,254,098.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of NASDAQ LMNR opened at $22.91 on Friday. The firm has a market capitalization of $407.18 million, a price-to-earnings ratio of 45.82, a P/E/G ratio of 1.96 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.44. Limoneira has a fifty-two week low of $18.07 and a fifty-two week high of $33.42.

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

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

LMNR has been the subject of a number of analyst reports. Zacks Investment Research downgraded Limoneira from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 21st. ValuEngine raised Limoneira from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, BidaskClub cut Limoneira from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $30.20.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in Limoneira by 6.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 81,050 shares of the company’s stock valued at $2,116,000 after purchasing an additional 4,896 shares during the last quarter. BlackRock Inc. grew its holdings in Limoneira by 71.9% during the 3rd quarter. BlackRock Inc. now owns 1,208,848 shares of the company’s stock valued at $31,564,000 after purchasing an additional 505,647 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Limoneira by 56.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 481,396 shares of the company’s stock valued at $12,569,000 after purchasing an additional 174,382 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Limoneira by 14,004.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 350,344 shares of the company’s stock valued at $9,148,000 after purchasing an additional 347,860 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Limoneira by 22.1% during the 3rd quarter. Renaissance Technologies LLC now owns 79,600 shares of the company’s stock valued at $2,078,000 after purchasing an additional 14,400 shares during the last quarter. 50.96% of the stock is owned by hedge funds and other institutional investors.

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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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