Marquette Asset Management LLC purchased a new stake in shares of Limoneira (NASDAQ:LMNR – Get Rating) during the 2nd quarter, Holdings Channel reports. The fund purchased 9,783 shares of the company’s stock, valued at approximately $138,000.
Other large investors have also recently bought and sold shares of the company. Amalgamated Bank acquired a new position in Limoneira during the first quarter valued at $31,000. Penserra Capital Management LLC raised its position in Limoneira by 151.3% during the first quarter. Penserra Capital Management LLC now owns 6,062 shares of the company’s stock valued at $88,000 after buying an additional 3,650 shares during the period. Panagora Asset Management Inc. acquired a new position in Limoneira during the first quarter valued at $156,000. Baker Ellis Asset Management LLC raised its position in Limoneira by 40.5% during the first quarter. Baker Ellis Asset Management LLC now owns 14,050 shares of the company’s stock valued at $206,000 after buying an additional 4,050 shares during the period. Finally, Raymond James & Associates acquired a new position in Limoneira during the fourth quarter valued at $228,000. 43.26% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Limoneira
In other news, CFO Mark Palamountain sold 4,000 shares of the company’s stock in a transaction dated Tuesday, June 28th. The stock was sold at an average price of $14.33, for a total transaction of $57,320.00. Following the completion of the sale, the chief financial officer now owns 54,345 shares in the company, valued at approximately $778,763.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.83% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Limoneira Stock Down 6.1 %
NASDAQ LMNR traded down $0.84 on Friday, reaching $12.95. The stock had a trading volume of 22,099 shares, compared to its average volume of 83,678. The business has a 50 day moving average price of $13.00 and a 200 day moving average price of $12.94. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.69. Limoneira has a 1 year low of $10.44 and a 1 year high of $16.71. The company has a market capitalization of $229.50 million, a price-to-earnings ratio of -72.44 and a beta of 0.79.
Limoneira (NASDAQ:LMNR – Get Rating) last issued its earnings results on Thursday, September 8th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.13. Limoneira had a negative return on equity of 0.95% and a negative net margin of 1.37%. During the same period in the prior year, the company earned $0.20 EPS. On average, analysts forecast that Limoneira will post -0.04 EPS for the current fiscal year.
Limoneira Increases Dividend
The business also recently declared a dividend, which was paid on Friday, July 8th. Stockholders of record on Monday, July 11th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, July 8th. This is an increase from Limoneira’s previous dividend of $0.05. Limoneira’s dividend payout ratio is -166.67%.
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, pistachios, and wine grapes.
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