Key Points
- Limoneira CFO Gregory Hamm sold 1,000 shares on June 1 at an average price of $12.77, generating $12,770. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The transaction left Hamm with 77,668 shares, valued at about $991,820, representing a 1.27% decrease in his stake.
- Limoneira shares were up 0.3% to $12.82, while the company recently reported a quarterly EPS miss despite revenue coming in above estimates. Analysts currently rate the stock a Hold on average, with a target price of $18.50.
Limoneira Co (NASDAQ:LMNR - Get Free Report) CFO Gregory Hamm sold 1,000 shares of the business's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $12.77, for a total transaction of $12,770.00. Following the transaction, the chief financial officer owned 77,668 shares of the company's stock, valued at approximately $991,820.36. This represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Limoneira Stock Up 0.3%
Shares of NASDAQ LMNR opened at $12.82 on Wednesday. The stock has a market cap of $232.17 million, a P/E ratio of -10.02 and a beta of 0.30. The firm has a 50 day moving average price of $13.02 and a 200 day moving average price of $13.57. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.16. Limoneira Co has a 52-week low of $12.20 and a 52-week high of $17.19.
Limoneira (NASDAQ:LMNR - Get Free Report) last issued its quarterly earnings data on Thursday, March 12th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.09). The firm had revenue of $18.21 million for the quarter, compared to analyst estimates of $16.22 million. Limoneira had a negative net margin of 15.55% and a negative return on equity of 12.19%. Analysts expect that Limoneira Co will post -0.47 EPS for the current year.
Institutional Trading of Limoneira
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Wilshire Securities Management Inc. raised its position in Limoneira by 122.2% during the first quarter. First Wilshire Securities Management Inc. now owns 578,059 shares of the company's stock worth $7,758,000 after acquiring an additional 317,872 shares in the last quarter. Geode Capital Management LLC raised its position in Limoneira by 5.6% during the second quarter. Geode Capital Management LLC now owns 397,720 shares of the company's stock worth $6,226,000 after acquiring an additional 20,913 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Limoneira by 7.7% during the first quarter. Gamco Investors INC. ET AL now owns 293,200 shares of the company's stock worth $3,935,000 after acquiring an additional 21,000 shares in the last quarter. Riverwater Partners LLC raised its position in Limoneira by 7.1% during the fourth quarter. Riverwater Partners LLC now owns 261,428 shares of the company's stock worth $3,301,000 after acquiring an additional 17,422 shares in the last quarter. Finally, Peapod Lane Capital LLC raised its position in Limoneira by 44.5% during the fourth quarter. Peapod Lane Capital LLC now owns 208,547 shares of the company's stock worth $2,633,000 after acquiring an additional 64,178 shares in the last quarter. 64.35% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on LMNR shares. Zacks Research upgraded shares of Limoneira from a "strong sell" rating to a "hold" rating in a report on Friday, February 27th. Weiss Ratings reiterated a "sell (d)" rating on shares of Limoneira in a report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $18.50.
Read Our Latest Report on Limoneira
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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