Mark Palamountain Sells 500 Shares of Limoneira (LMNR) Stock

Limoneira (NASDAQ:LMNR) CFO Mark Palamountain sold 500 shares of Limoneira stock in a transaction on Monday, April 15th. The shares were sold at an average price of $23.72, for a total value of $11,860.00. Following the completion of the sale, the chief financial officer now directly owns 49,198 shares of the company’s stock, valued at $1,166,976.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Mark Palamountain also recently made the following trade(s):

  • On Thursday, March 14th, Mark Palamountain sold 1,611 shares of Limoneira stock. The shares were sold at an average price of $24.35, for a total value of $39,227.85.

Shares of Limoneira stock traded up $0.11 during trading on Friday, reaching $23.02. 16,828 shares of the company were exchanged, compared to its average volume of 36,497. 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 twelve month low of $18.07 and a twelve month high of $33.42. The stock has a market cap of $407.17 million, a PE ratio of 46.04, a price-to-earnings-growth ratio of 1.98 and a beta of 0.96.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Tuesday, March 12th. The company reported ($0.11) 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 company had revenue of $42.02 million for the quarter, compared to analyst estimates of $44.74 million. Analysts expect that Limoneira will post 0.77 EPS for the current fiscal year.

The firm also recently announced 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. The ex-dividend date was Friday, April 5th. This represents a $0.30 annualized dividend and a yield of 1.30%. Limoneira’s dividend payout ratio is presently 60.00%.

Several equities research analysts have recently commented on LMNR shares. ValuEngine raised Limoneira from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. BidaskClub cut Limoneira from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 19th. Finally, Zacks Investment Research raised Limoneira from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $30.20.

Hedge funds have recently bought and sold shares of the business. 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 worth $73,000 after acquiring an additional 2,733 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in Limoneira by 369.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,424 shares of the company’s stock worth $86,000 after acquiring an additional 3,481 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in Limoneira during the fourth quarter worth about $123,000. 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 worth $253,000 after acquiring an additional 3,481 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in Limoneira by 149.1% during the fourth quarter. Citigroup Inc. now owns 10,200 shares of the company’s stock worth $199,000 after acquiring an additional 6,105 shares in the last quarter. Hedge funds and other institutional investors own 50.96% of the company’s stock.

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About Limoneira

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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