First Wilshire Securities Management Inc. Decreases Stock Position in Limoneira (NASDAQ:LMNR)

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First Wilshire Securities Management Inc. lowered its stake in Limoneira (NASDAQ:LMNR) by 34.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,993 shares of the company’s stock after selling 56,506 shares during the period. First Wilshire Securities Management Inc.’s holdings in Limoneira were worth $2,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in shares of Limoneira by 132,800.0% in the second quarter. Bank of Montreal Can now owns 1,329 shares of the company’s stock worth $27,000 after buying an additional 1,328 shares during the period. Aperio Group LLC purchased a new position in shares of Limoneira in the second quarter worth about $41,000. BNP Paribas Arbitrage SA increased its holdings in Limoneira by 757.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,094 shares of the company’s stock valued at $73,000 after purchasing an additional 2,733 shares during the period. JPMorgan Chase & Co. increased its holdings in Limoneira by 18.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,296 shares of the company’s stock valued at $83,000 after purchasing an additional 668 shares during the period. Finally, Stephens Inc. AR increased its holdings in Limoneira by 3.8% during the 1st quarter. Stephens Inc. AR now owns 12,816 shares of the company’s stock valued at $302,000 after purchasing an additional 464 shares during the period. Hedge funds and other institutional investors own 54.86% of the company’s stock.

A number of research analysts recently issued reports on the company. ValuEngine upgraded Limoneira from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 31st. TheStreet downgraded Limoneira from a “b-” rating to a “c+” rating in a report on Tuesday, June 11th. Lake Street Capital restated a “buy” rating and set a $25.00 price target (down previously from $28.00) on shares of Limoneira in a report on Thursday, June 13th. BidaskClub upgraded Limoneira from a “sell” rating to a “hold” rating in a report on Saturday, September 14th. Finally, Zacks Investment Research downgraded Limoneira from a “hold” rating to a “strong sell” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $25.25.

Shares of NASDAQ:LMNR opened at $18.40 on Friday. Limoneira has a 1 year low of $17.05 and a 1 year high of $27.96. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.11 and a current ratio of 1.29. The stock’s 50-day moving average is $19.04 and its 200 day moving average is $20.73.

About Limoneira

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons.

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Institutional Ownership by Quarter for Limoneira (NASDAQ:LMNR)

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