Parallel Advisors LLC cut its holdings in shares of Limoneira (NASDAQ:LMNR) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 48,035 shares of the company’s stock after selling 1,000 shares during the period. Parallel Advisors LLC’s holdings in Limoneira were worth $939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. NJ State Employees Deferred Compensation Plan lifted its position in Limoneira by 4.0% during the fourth quarter. NJ State Employees Deferred Compensation Plan now owns 26,000 shares of the company’s stock valued at $508,000 after purchasing an additional 1,000 shares during the period. California Public Employees Retirement System lifted its position in Limoneira by 5.7% during the second quarter. California Public Employees Retirement System now owns 45,461 shares of the company’s stock valued at $1,119,000 after purchasing an additional 2,461 shares during the period. MetLife Investment Advisors LLC lifted its position in Limoneira by 56.1% during the third quarter. MetLife Investment Advisors LLC now owns 9,690 shares of the company’s stock valued at $253,000 after purchasing an additional 3,481 shares during the period. Morgan Stanley lifted its position in Limoneira by 3.3% during the third quarter. Morgan Stanley now owns 109,033 shares of the company’s stock valued at $2,847,000 after purchasing an additional 3,513 shares during the period. Finally, Atlas Capital Advisors LLC acquired a new position in Limoneira during the third quarter valued at $108,000. Institutional investors own 50.90% of the company’s stock.
A number of research analysts recently issued reports on LMNR shares. BidaskClub upgraded shares of Limoneira from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 9th. Zacks Investment Research downgraded shares of Limoneira from a “hold” rating to a “strong sell” rating in a research report on Saturday, December 22nd. Stephens started coverage on shares of Limoneira in a research report on Tuesday, January 8th. They set an “overweight” rating for the company. Roth Capital set a $28.00 target price on shares of Limoneira and gave the company a “buy” rating in a research report on Thursday, December 20th. Finally, ValuEngine downgraded shares of Limoneira from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $29.50.
Shares of Limoneira stock opened at $23.04 on Tuesday. The stock has a market capitalization of $404.04 million, a price-to-earnings ratio of 46.08, a PEG ratio of 1.96 and a beta of 0.96. Limoneira has a fifty-two week low of $18.07 and a fifty-two week high of $33.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.15 and a quick ratio of 0.95.
Limoneira (NASDAQ:LMNR) last issued its quarterly earnings data on Monday, January 14th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.01. The business had revenue of $14.71 million during the quarter, compared to the consensus estimate of $16.69 million. Limoneira had a net margin of 15.60% and a return on equity of 4.32%. On average, sell-side analysts predict that Limoneira will post 0.79 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were given a $0.075 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from Limoneira’s previous quarterly dividend of $0.06. Limoneira’s dividend payout ratio is 60.00%.
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. The Fresh Lemons segment markets and sells lemons directly to food service, wholesale, and retail customers.
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