Limoneira (NASDAQ:LMNR) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.

Separately, Zacks Investment Research downgraded Limoneira from a “buy” rating to a “hold” rating in a research report on Friday, August 25th.

Limoneira (NASDAQ:LMNR) traded down $1.13 during trading hours on Thursday, reaching $22.16. The company had a trading volume of 79,243 shares, compared to its average volume of 35,177. Limoneira has a 12-month low of $16.39 and a 12-month high of $26.06. The stock has a market cap of $339.64, a P/E ratio of 43.78 and a beta of 1.06. The company has a quick ratio of 0.61, a current ratio of 0.74 and a debt-to-equity ratio of 0.70.

Limoneira (NASDAQ:LMNR) last issued its quarterly earnings data on Monday, September 11th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.01). Limoneira had a return on equity of 6.64% and a net margin of 7.42%. The firm had revenue of $40.40 million for the quarter, compared to analyst estimates of $37.94 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. equities research analysts predict that Limoneira will post 0.52 EPS for the current fiscal year.

In other news, insider Harold S. Edwards sold 6,652 shares of the stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $23.00, for a total transaction of $152,996.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald L. Michaelis sold 1,500 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $23.58, for a total value of $35,370.00. Following the completion of the sale, the director now owns 9,686 shares of the company’s stock, valued at approximately $228,395.88. The disclosure for this sale can be found here. Insiders sold a total of 8,649 shares of company stock valued at $200,293 over the last three months. Corporate insiders own 5.70% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Algert Global LLC increased its position in Limoneira by 93.6% during the third quarter. Algert Global LLC now owns 22,650 shares of the company’s stock worth $525,000 after buying an additional 10,950 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Limoneira by 10.2% during the third quarter. Dimensional Fund Advisors LP now owns 188,881 shares of the company’s stock worth $4,376,000 after buying an additional 17,407 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Limoneira by 35.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 55,292 shares of the company’s stock worth $1,282,000 after buying an additional 14,615 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Limoneira by 42.7% during the third quarter. Wells Fargo & Company MN now owns 12,979 shares of the company’s stock worth $301,000 after purchasing an additional 3,886 shares during the period. Finally, Advisors Asset Management Inc. bought a new position in Limoneira during the third quarter worth about $106,000. Institutional investors and hedge funds own 27.47% of the company’s stock.

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Limoneira Company Profile

Limoneira Company is engaged in agribusiness and real estate development. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s segments include lemon operations, other agribusiness, rental operations and real estate development.

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