Bfsg LLC Takes Position in Limoneira (NASDAQ:LMNR)

Bfsg LLC bought a new stake in Limoneira (NASDAQ:LMNR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,722 shares of the company’s stock, valued at approximately $36,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Limoneira in the 3rd quarter valued at $64,000. SG Americas Securities LLC acquired a new stake in shares of Limoneira in the 3rd quarter valued at $117,000. Janney Montgomery Scott LLC acquired a new position in Limoneira during the 3rd quarter worth about $419,000. Stratos Wealth Partners LTD. lifted its position in Limoneira by 218.7% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 44,868 shares of the company’s stock worth $687,000 after buying an additional 30,790 shares in the last quarter. Finally, SG Capital Management LLC acquired a new position in Limoneira during the 3rd quarter worth about $882,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

Wall Street Analyst Weigh In

LMNR has been the topic of several research reports. TheStreet downgraded shares of Limoneira from a “b-” rating to a “c+” rating in a research report on Tuesday, January 30th. StockNews.com upgraded shares of Limoneira from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. Finally, Roth Mkm upped their price target on shares of Limoneira from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd.

Limoneira Price Performance

Shares of NASDAQ:LMNR opened at $19.74 on Friday. Limoneira has a 1-year low of $13.88 and a 1-year high of $21.62. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.84. The business has a 50-day moving average price of $18.93 and a two-hundred day moving average price of $17.76.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.05. The firm had revenue of $39.73 million during the quarter, compared to analysts’ expectations of $39.07 million. Limoneira had a negative return on equity of 1.16% and a negative net margin of 5.40%. During the same period in the previous year, the business posted ($0.53) EPS. On average, equities research analysts expect that Limoneira will post 0.13 earnings per share for the current year.

Limoneira Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 1st were issued a dividend of $0.075 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.30 annualized dividend and a yield of 1.52%. Limoneira’s dividend payout ratio is currently -51.72%.

About Limoneira

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, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.