Limoneira Co (NASDAQ:LMNR - Get Free Report) CFO Gregory Hamm sold 1,000 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $12.99, for a total value of $12,990.00. Following the sale, the chief financial officer owned 86,812 shares of the company's stock, valued at $1,127,687.88. This trade represents a 1.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Limoneira Stock Performance
Shares of NASDAQ LMNR opened at $13.99 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.68 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $253.64 million, a price-to-earnings ratio of -6.14 and a beta of 0.30. The stock's fifty day simple moving average is $13.20 and its 200 day simple moving average is $13.39. Limoneira Co has a 52-week low of $11.66 and a 52-week high of $16.62.
Limoneira (NASDAQ:LMNR - Get Free Report) last announced its earnings results on Tuesday, June 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.08). Limoneira had a negative return on equity of 13.94% and a negative net margin of 30.50%.The company had revenue of $23.93 million for the quarter, compared to analyst estimates of $21.42 million. As a group, sell-side analysts forecast that Limoneira Co will post -0.47 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have commented on LMNR. HC Wainwright lowered shares of Limoneira to a "buy" rating in a research note on Wednesday, June 10th. Lake Street Capital dropped their target price on shares of Limoneira from $19.00 to $18.00 and set a "buy" rating on the stock in a research report on Wednesday, June 10th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Limoneira in a report on Wednesday, June 24th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $18.00.
Check Out Our Latest Analysis on LMNR
Hedge Funds Weigh In On Limoneira
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Limoneira during the second quarter worth approximately $15,065,000. First Wilshire Securities Management Inc. increased its stake in Limoneira by 122.2% in the 1st quarter. First Wilshire Securities Management Inc. now owns 578,059 shares of the company's stock valued at $7,758,000 after buying an additional 317,872 shares during the period. Geode Capital Management LLC lifted its position in Limoneira by 5.6% in the 2nd quarter. Geode Capital Management LLC now owns 397,720 shares of the company's stock worth $6,226,000 after buying an additional 20,913 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in Limoneira by 7.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 293,200 shares of the company's stock worth $3,935,000 after buying an additional 21,000 shares in the last quarter. Finally, Riverwater Partners LLC boosted its stake in shares of Limoneira by 7.1% during the 4th quarter. Riverwater Partners LLC now owns 261,428 shares of the company's stock valued at $3,301,000 after buying an additional 17,422 shares during the period. Institutional investors and hedge funds own 64.35% of the company's stock.
Limoneira Company Profile
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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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