Deprince Race & Zollo Inc. raised its position in shares of Limoneira Co. (NASDAQ:LMNR) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,077 shares of the company’s stock after buying an additional 4,753 shares during the period. Deprince Race & Zollo Inc.’s holdings in Limoneira were worth $1,816,000 as of its most recent SEC filing.
Separately, State Street Corp increased its position in shares of Limoneira by 0.5% in the first quarter. State Street Corp now owns 155,539 shares of the company’s stock worth $2,365,000 after buying an additional 787 shares during the period. 26.46% of the stock is currently owned by hedge funds and other institutional investors.
Limoneira Co. (NASDAQ:LMNR) traded down 0.16% during midday trading on Friday, hitting $19.02. The stock had a trading volume of 9,991 shares. The company has a 50-day moving average price of $18.03 and a 200-day moving average price of $17.26. Limoneira Co. has a 12-month low of $11.30 and a 12-month high of $19.10. The company has a market cap of $269.67 million, a price-to-earnings ratio of 33.37 and a beta of 1.22.
Limoneira (NASDAQ:LMNR) last released its quarterly earnings data on Thursday, September 8th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.13. The business had revenue of $39.90 million for the quarter, compared to analyst estimates of $37.69 million. Limoneira had a return on equity of 3.96% and a net margin of 8.16%. The company’s revenue was up 33.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 EPS. Equities analysts anticipate that Limoneira Co. will post $0.47 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be paid a $0.05 dividend. This is a positive change from Limoneira’s previous quarterly dividend of $0.05. This represents a $0.20 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, September 29th. Limoneira’s payout ratio is currently 37.04%.
Separately, Zacks Investment Research raised Limoneira from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, August 11th.
Limoneira Company is an agribusiness and real estate development company. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s three business divisions are agribusiness, rental operations and real estate development.
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