Limoneira Director Ronald L. Michaelis Sells 1,500 Shares (LMNR)
Limoneira (NASDAQ:LMNR) Director Ronald L. Michaelis sold 1,500 shares of Limoneira stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $22.00, for a total transaction of $33,000.00. Following the transaction, the director now directly owns 4,045 shares of the company’s stock, valued at approximately $88,990. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Limoneira (NASDAQ:LMNR) opened at 22.64 on Thursday. Limoneira has a 1-year low of $20.02 and a 1-year high of $27.41. The stock’s 50-day moving average is $22.60 and its 200-day moving average is $22.78. The company has a market cap of $318.1 million and a P/E ratio of 52.03.
Limoneira (NASDAQ:LMNR) last issued its quarterly earnings data on Monday, June 9th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.04. During the same quarter in the prior year, the company posted $0.19 earnings per share. Analysts expect that Limoneira will post $0.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, July 7th will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, July 2nd. This is a positive change from Limoneira’s previous quarterly dividend of $0.04.
Limoneira Company is an agribusiness and real estate development company. The Company’s operations consist of fruit production, sales and marketing, real estate development and capital investment activities.
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