Marquette Asset Management LLC Acquires Shares of 46,335 Limoneira Co $LMNR

Marquette Asset Management LLC bought a new position in Limoneira Co (NASDAQ:LMNR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 46,335 shares of the company’s stock, valued at approximately $608,000. Marquette Asset Management LLC owned approximately 0.26% of Limoneira at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of LMNR. Jacobs Levy Equity Management Inc. purchased a new position in shares of Limoneira in the 1st quarter worth about $256,000. Jane Street Group LLC purchased a new stake in Limoneira during the 1st quarter valued at about $335,000. Geode Capital Management LLC grew its position in Limoneira by 5.6% during the 2nd quarter. Geode Capital Management LLC now owns 397,720 shares of the company’s stock valued at $6,226,000 after purchasing an additional 20,913 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Limoneira by 248.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 44,238 shares of the company’s stock valued at $692,000 after purchasing an additional 31,552 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Limoneira by 29.5% during the 2nd quarter. Rhumbline Advisers now owns 24,943 shares of the company’s stock valued at $390,000 after purchasing an additional 5,682 shares in the last quarter. 64.35% of the stock is owned by hedge funds and other institutional investors.

Limoneira Stock Performance

Shares of LMNR stock opened at $13.76 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.68 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average price of $13.18 and a 200-day moving average price of $13.39. Limoneira Co has a 52 week low of $11.66 and a 52 week high of $16.62. The firm has a market capitalization of $249.47 million, a PE ratio of -6.04 and a beta of 0.30.

Limoneira (NASDAQ:LMNR) last issued its quarterly earnings data on Tuesday, June 9th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $23.93 million for the quarter, compared to the consensus estimate of $21.42 million. As a group, equities research analysts expect that Limoneira Co will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About Limoneira

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.