Limoneira (NASDAQ:LMNR) CEO Harold S. Edwards sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $20.21, for a total transaction of $20,210.00. Following the completion of the sale, the chief executive officer now directly owns 131,957 shares of the company’s stock, valued at approximately $2,666,850.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
LMNR opened at $18.74 on Friday. The company has a fifty day moving average price of $19.08 and a two-hundred day moving average price of $20.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.11 and a current ratio of 1.29. Limoneira has a 52 week low of $17.05 and a 52 week high of $28.76. The firm has a market capitalization of $356.88 million, a PE ratio of 37.48 and a beta of 1.07.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global Alpha Capital Management Ltd. grew its holdings in Limoneira by 16.2% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 1,318,787 shares of the company’s stock worth $26,297,000 after acquiring an additional 184,081 shares during the period. BlackRock Inc. grew its holdings in Limoneira by 3.9% during the 2nd quarter. BlackRock Inc. now owns 1,045,549 shares of the company’s stock worth $20,848,000 after acquiring an additional 39,164 shares during the period. Vanguard Group Inc. grew its holdings in Limoneira by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 718,242 shares of the company’s stock worth $14,322,000 after acquiring an additional 3,452 shares during the period. Stephens Investment Management Group LLC grew its holdings in Limoneira by 2.5% during the 2nd quarter. Stephens Investment Management Group LLC now owns 617,862 shares of the company’s stock worth $12,320,000 after acquiring an additional 14,954 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Limoneira by 11.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 536,126 shares of the company’s stock worth $10,481,000 after acquiring an additional 54,730 shares during the period. 54.86% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on LMNR. Lake Street Capital reissued a “buy” rating and issued a $25.00 price target (down previously from $28.00) on shares of Limoneira in a report on Thursday, June 13th. BidaskClub raised shares of Limoneira from a “sell” rating to a “hold” rating in a report on Saturday, September 14th. National Securities began coverage on shares of Limoneira in a report on Monday, July 22nd. They issued a “buy” rating and a $30.00 price target for the company. TheStreet lowered shares of Limoneira from a “b-” rating to a “c+” rating in a report on Tuesday, June 11th. Finally, Zacks Investment Research lowered shares of Limoneira from a “hold” rating to a “strong sell” rating in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Limoneira has an average rating of “Buy” and a consensus price target of $25.25.
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.
See Also: What does the Producer Price Index (PPI) tell investors?
Receive News & Ratings for Limoneira Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limoneira and related companies with MarketBeat.com's FREE daily email newsletter.