Limoneira (NASDAQ:LMNR) Downgraded by StockNews.com to “Sell”

StockNews.com lowered shares of Limoneira (NASDAQ:LMNR) from a hold rating to a sell rating in a research note published on Saturday.

Several other research analysts have also recently weighed in on LMNR. Roth Mkm upped their price objective on Limoneira from $17.00 to $23.00 and gave the stock a buy rating in a research report on Tuesday, January 2nd. TheStreet cut Limoneira from a b- rating to a c+ rating in a research report on Tuesday, January 30th.

Limoneira Price Performance

LMNR stock opened at $19.85 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average of $18.99 and a 200-day moving average of $17.81. Limoneira has a fifty-two week low of $13.88 and a fifty-two week high of $21.62.

Limoneira (NASDAQ:LMNR) last posted 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 company 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 prior year, the firm earned ($0.53) earnings per share. On average, equities analysts anticipate that Limoneira will post 0.13 EPS for the current fiscal year.

Limoneira Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were given 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 1.51%. Limoneira’s dividend payout ratio (DPR) is presently -51.72%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. First Wilshire Securities Management Inc. raised its stake in Limoneira by 15.9% in the third quarter. First Wilshire Securities Management Inc. now owns 725,884 shares of the company’s stock valued at $11,121,000 after buying an additional 99,641 shares during the period. Global Alpha Capital Management Ltd. raised its stake in Limoneira by 2.3% in the third quarter. Global Alpha Capital Management Ltd. now owns 2,980,140 shares of the company’s stock valued at $45,656,000 after buying an additional 66,000 shares during the period. SG Capital Management LLC bought a new stake in Limoneira in the third quarter valued at approximately $882,000. Stratos Wealth Partners LTD. raised its stake in Limoneira by 218.7% in the third quarter. Stratos Wealth Partners LTD. now owns 44,868 shares of the company’s stock valued at $687,000 after buying an additional 30,790 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Limoneira in the fourth quarter valued at approximately $633,000. 64.35% of the stock is owned by institutional investors and hedge funds.

Limoneira Company Profile

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.