Other equities research analysts have also recently issued reports about the company. BidaskClub upgraded Limoneira from a strong sell rating to a sell rating in a research report on Wednesday, May 8th. Zacks Investment Research cut Limoneira from a hold rating to a sell rating in a research report on Wednesday. Stephens cut Limoneira from an overweight rating to an equal weight rating and dropped their target price for the company from $25.00 to $18.00 in a research report on Tuesday, May 14th. Finally, Lake Street Capital set a $28.00 target price on Limoneira and gave the company a buy rating in a research report on Tuesday, May 14th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $27.20.
NASDAQ:LMNR opened at $19.58 on Wednesday. Limoneira has a 52 week low of $18.07 and a 52 week high of $33.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.38. The stock has a market cap of $360.61 million, a PE ratio of 39.16, a price-to-earnings-growth ratio of 2.42 and a beta of 0.96.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, April 8th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.53%. The ex-dividend date was Friday, April 5th. Limoneira’s payout ratio is 60.00%.
In related news, Director John W.H. Merriman sold 1,811 shares of Limoneira stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $24.09, for a total value of $43,626.99. Following the sale, the director now directly owns 2,011 shares in the company, valued at approximately $48,444.99. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert M. Sawyer sold 1,250 shares of Limoneira stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $24.28, for a total value of $30,350.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,672 shares of company stock worth $179,285. 4.50% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of LMNR. BlackRock Inc. boosted its holdings in Limoneira by 71.9% in the 3rd quarter. BlackRock Inc. now owns 1,208,848 shares of the company’s stock worth $31,564,000 after buying an additional 505,647 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Limoneira by 14,004.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 350,344 shares of the company’s stock worth $9,148,000 after buying an additional 347,860 shares during the last quarter. Ashford Capital Management Inc. boosted its holdings in Limoneira by 59.4% in the 1st quarter. Ashford Capital Management Inc. now owns 845,830 shares of the company’s stock worth $19,902,000 after buying an additional 315,141 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in Limoneira by 27.9% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 1,134,706 shares of the company’s stock worth $26,700,000 after buying an additional 247,856 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its holdings in Limoneira by 102.8% in the 4th quarter. Deprince Race & Zollo Inc. now owns 431,031 shares of the company’s stock worth $8,427,000 after buying an additional 218,514 shares during the last quarter. Institutional investors own 50.78% of the company’s stock.
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons.
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