Limoneira (NASDAQ:LMNR) Director Robert M. Sawyer sold 1,250 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $21.49, for a total value of $26,862.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Limoneira (NASDAQ LMNR) traded down $0.18 during midday trading on Wednesday, hitting $21.07. The company had a trading volume of 25,456 shares, compared to its average volume of 46,811. The stock has a market cap of $305.97, a PE ratio of 54.03 and a beta of 1.06. The company has a current ratio of 0.98, a quick ratio of 0.80 and a debt-to-equity ratio of 0.75. Limoneira has a 52 week low of $16.39 and a 52 week high of $26.06.
Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Monday, January 8th. The company reported ($0.19) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.01. The company had revenue of $15.90 million for the quarter, compared to analysts’ expectations of $15.60 million. Limoneira had a return on equity of 4.98% and a net margin of 5.44%. Limoneira’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) EPS. sell-side analysts anticipate that Limoneira will post 0.6 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in shares of Limoneira by 15.1% during the 2nd quarter. State Street Corp now owns 198,221 shares of the company’s stock valued at $4,682,000 after buying an additional 25,932 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Limoneira by 10.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 188,881 shares of the company’s stock worth $4,376,000 after acquiring an additional 17,407 shares during the last quarter. Bank of New York Mellon Corp grew its position in Limoneira by 14.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 82,421 shares of the company’s stock worth $1,948,000 after acquiring an additional 10,314 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Limoneira by 35.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 55,292 shares of the company’s stock worth $1,282,000 after acquiring an additional 14,615 shares during the last quarter. Finally, Zacks Investment Management grew its position in Limoneira by 1.1% during the 2nd quarter. Zacks Investment Management now owns 52,535 shares of the company’s stock worth $1,241,000 after acquiring an additional 557 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors.
A number of equities analysts recently weighed in on the company. BidaskClub cut Limoneira from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Roth Capital set a $28.00 price objective on Limoneira and gave the company a “buy” rating in a report on Friday, December 8th. Zacks Investment Research cut Limoneira from a “hold” rating to a “sell” rating in a report on Saturday, December 23rd. Finally, TheStreet cut Limoneira from a “b” rating to a “c” rating in a report on Friday, January 12th.
Limoneira Company is engaged in agribusiness and real estate development. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s segments include lemon operations, other agribusiness, rental operations and real estate development.
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