Limoneira (NASDAQ:LMNR) CFO Gregory Hamm Sells 1,000 Shares of Stock

Limoneira Co (NASDAQ:LMNR) CFO Gregory Hamm sold 1,000 shares of Limoneira stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $12.99, for a total value of $12,990.00. Following the sale, the chief financial officer directly owned 86,812 shares in the company, valued at approximately $1,127,687.88. This trade represents a 1.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limoneira Stock Performance

Shares of LMNR stock opened at $13.99 on Wednesday. Limoneira Co has a 12-month low of $11.66 and a 12-month high of $16.62. The firm has a market capitalization of $253.64 million, a price-to-earnings ratio of -6.14 and a beta of 0.30. The business has a 50 day simple moving average of $13.20 and a 200 day simple moving average of $13.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.68 and a quick ratio of 1.53.

Limoneira (NASDAQ:LMNR) last posted its earnings results on Tuesday, June 9th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.08). Limoneira had a negative net margin of 30.50% and a negative return on equity of 13.94%. The business had revenue of $23.93 million during the quarter, compared to analyst estimates of $21.42 million. On average, equities research analysts anticipate that Limoneira Co will post -0.47 EPS for the current year.

Hedge Funds Weigh In On Limoneira

Several hedge funds have recently modified their holdings of LMNR. BlackRock Inc. acquired a new stake in Limoneira in the 2nd quarter valued at about $15,065,000. First Wilshire Securities Management Inc. grew its stake in shares of Limoneira by 122.2% in the 1st quarter. First Wilshire Securities Management Inc. now owns 578,059 shares of the company’s stock worth $7,758,000 after purchasing an additional 317,872 shares during the last quarter. Flax Pond Capital LLC acquired a new position in shares of Limoneira in the 4th quarter worth approximately $2,145,000. Peapod Lane Capital LLC raised its holdings in shares of Limoneira by 44.5% in the 4th quarter. Peapod Lane Capital LLC now owns 208,547 shares of the company’s stock worth $2,633,000 after purchasing an additional 64,178 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Limoneira by 515.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 74,124 shares of the company’s stock worth $1,160,000 after purchasing an additional 62,080 shares in the last quarter. 64.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LMNR shares. HC Wainwright downgraded shares of Limoneira to a “buy” rating in a report on Wednesday, June 10th. Lake Street Capital lowered their target price on shares of Limoneira from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, June 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Limoneira in a research report on Wednesday, June 24th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Limoneira presently has a consensus rating of “Hold” and an average price target of $18.00.

Limoneira Company Profile

Limoneira Company (NASDAQ: LMNR), founded in 1893 and based in Santa Paula, California, is a diversified agribusiness and real estate enterprise. As one of the oldest citrus producers in the United States, Limoneira has built a reputation for cultivating and marketing high-quality citrus fruits, avocados and specialty crops. The company’s vertically integrated model encompasses farming, packing, processing and marketing activities designed to deliver fresh produce to domestic and international markets.

In its agricultural operations, Limoneira specializes in lemons, oranges and avocados, employing modern irrigation, harvesting and packing technologies to maintain consistent product quality and supply.