Limoneira (NASDAQ:LMNR) Director Robert M. Sawyer sold 1,250 shares of Limoneira stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $21.49, for a total transaction of $26,862.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Limoneira (LMNR) traded down $0.18 during mid-day trading on Thursday, hitting $21.07. 26,000 shares of the stock were exchanged, compared to its average volume of 49,382. The stock has a market capitalization of $308.58, a PE ratio of 51.39 and a beta of 1.06. The company has a quick ratio of 0.80, a current ratio of 0.98 and a debt-to-equity ratio of 0.75. Limoneira has a twelve month low of $16.39 and a twelve month high of $26.06.
Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Monday, January 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.01. Limoneira had a net margin of 5.44% and a return on equity of 4.98%. The company had revenue of $15.90 million during the quarter, compared to analysts’ expectations of $15.60 million. During the same quarter in the prior year, the company earned ($0.01) EPS. Limoneira’s revenue was down 18.5% compared to the same quarter last year. equities research analysts expect that Limoneira will post 0.6 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 17th. Stockholders of record on Tuesday, January 2nd were issued a $0.063 dividend. This is a positive change from Limoneira’s previous quarterly dividend of $0.05. This represents a $0.25 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Friday, December 29th. Limoneira’s dividend payout ratio is currently 60.98%.
Several hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in Limoneira during the 2nd quarter worth approximately $358,000. Dimensional Fund Advisors LP grew its position in shares of Limoneira by 22.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 171,474 shares of the company’s stock valued at $4,052,000 after buying an additional 31,293 shares during the last quarter. NJ State Employees Deferred Compensation Plan grew its position in shares of Limoneira by 73.3% in the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 26,000 shares of the company’s stock valued at $602,000 after buying an additional 11,000 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Limoneira by 14.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 82,421 shares of the company’s stock valued at $1,948,000 after buying an additional 10,314 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Limoneira by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,677 shares of the company’s stock valued at $962,000 after buying an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.
Several equities analysts have issued reports on LMNR shares. Zacks Investment Research lowered shares of Limoneira from a “hold” rating to a “sell” rating in a report on Saturday, December 23rd. Roth Capital set a $28.00 target price on shares of Limoneira and gave the company a “buy” rating in a research report on Friday, December 8th. BidaskClub upgraded shares of Limoneira from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Finally, TheStreet downgraded shares of Limoneira from a “b” rating to a “c” rating in a research report on Friday, January 12th.
Limoneira Company Profile
Limoneira Company is engaged in agribusiness and real estate development. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s segments include lemon operations, other agribusiness, rental operations and real estate development.
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