Key Points
- Scott Slater, a Limoneira director, bought 5,000 shares on January 8 at $12.85 each for $64,250, increasing his stake to 64,447 shares (an 8.41% ownership rise) valued at about $828,144.
- The company announced a quarterly dividend of $0.075 payable January 16 to holders of record December 30 (ex-dividend December 30), equal to $0.30 annualized and a ~2.2% yield.
- LMNR opened at $13.50 with a 52-week range of $12.20–$24.12 and a market cap of ~$244.6M and a negative P/E of -14.52. Analysts are mixed, with a MarketBeat consensus of "Hold" and an average price target of $18.50.
Limoneira Co (NASDAQ:LMNR - Get Free Report) Director Scott Slater acquired 5,000 shares of the stock in a transaction on Thursday, January 8th. The shares were bought at an average price of $12.85 per share, for a total transaction of $64,250.00. Following the purchase, the director owned 64,447 shares in the company, valued at approximately $828,143.95. This trade represents a 8.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
Limoneira Stock Performance
LMNR opened at $13.50 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.27 and a current ratio of 1.35. Limoneira Co has a 52-week low of $12.20 and a 52-week high of $24.12. The firm has a market cap of $244.62 million, a P/E ratio of -14.52 and a beta of 0.39. The business's fifty day moving average is $13.66 and its 200-day moving average is $14.72.
Limoneira Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Tuesday, December 30th will be given a $0.075 dividend. The ex-dividend date is Tuesday, December 30th. This represents a $0.30 annualized dividend and a dividend yield of 2.2%. Limoneira's payout ratio is presently -32.26%.
Institutional Investors Weigh In On Limoneira
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Peapod Lane Capital LLC acquired a new position in Limoneira in the 2nd quarter worth about $1,927,000. Teton Advisors LLC bought a new stake in shares of Limoneira during the third quarter worth about $1,745,000. Qube Research & Technologies Ltd increased its stake in shares of Limoneira by 515.4% in the second quarter. Qube Research & Technologies Ltd now owns 74,124 shares of the company's stock valued at $1,160,000 after buying an additional 62,080 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Limoneira by 248.7% in the second quarter. JPMorgan Chase & Co. now owns 44,238 shares of the company's stock valued at $692,000 after buying an additional 31,552 shares during the period. Finally, Gamco Investors INC. ET AL raised its holdings in Limoneira by 14.1% in the 3rd quarter. Gamco Investors INC. ET AL now owns 253,200 shares of the company's stock valued at $3,760,000 after buying an additional 31,200 shares during the last quarter. Institutional investors own 64.35% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on LMNR. Lake Street Capital assumed coverage on shares of Limoneira in a research note on Wednesday, December 31st. They issued a "buy" rating and a $19.00 price objective on the stock. Roth Capital reiterated a "buy" rating on shares of Limoneira in a research note on Monday, September 15th. Weiss Ratings reissued a "sell (d)" rating on shares of Limoneira in a report on Monday, December 29th. Zacks Research downgraded Limoneira from a "hold" rating to a "strong sell" rating in a research report on Wednesday, December 31st. Finally, Stephens began coverage on Limoneira in a research report on Friday, September 12th. They issued an "equal weight" rating and a $18.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $18.50.
View Our Latest Stock Analysis on LMNR
Limoneira Company Profile
(
Get Free Report)
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.
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