Limoneira (NASDAQ:LMNR) Director Robert M. Sawyer sold 1,250 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $21.49, for a total value of $26,862.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Limoneira (NASDAQ LMNR) traded down $0.18 during mid-day trading on Wednesday, hitting $21.07. The stock had a trading volume of 25,456 shares, compared to its average volume of 46,811. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.80. The company has a market cap of $305.97, a P/E ratio of 54.03 and a beta of 1.06. Limoneira has a 12 month low of $16.39 and a 12 month high of $26.06.
Limoneira (NASDAQ:LMNR) last posted its quarterly earnings results on Monday, January 8th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.01. The company had revenue of $15.90 million during the quarter, compared to the consensus estimate of $15.60 million. Limoneira had a return on equity of 4.98% and a net margin of 5.44%. The firm’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.01) EPS. analysts predict that Limoneira will post 0.6 EPS for the current fiscal year.
A number of research analysts have issued reports on the company. TheStreet downgraded Limoneira from a “b” rating to a “c” rating in a research note on Friday, January 12th. BidaskClub downgraded Limoneira from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Zacks Investment Research downgraded Limoneira from a “hold” rating to a “sell” rating in a research note on Saturday, December 23rd. Finally, Roth Capital set a $28.00 price objective on Limoneira and gave the company a “buy” rating in a research note on Friday, December 8th.
Several hedge funds have recently bought and sold shares of the company. Algert Global LLC grew its stake in shares of Limoneira by 93.6% during the 3rd quarter. Algert Global LLC now owns 22,650 shares of the company’s stock worth $525,000 after acquiring an additional 10,950 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Limoneira by 10.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 188,881 shares of the company’s stock worth $4,376,000 after acquiring an additional 17,407 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Limoneira by 35.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 55,292 shares of the company’s stock worth $1,282,000 after acquiring an additional 14,615 shares during the period. Wells Fargo & Company MN grew its stake in shares of Limoneira by 42.7% during the 3rd quarter. Wells Fargo & Company MN now owns 12,979 shares of the company’s stock worth $301,000 after acquiring an additional 3,886 shares during the period. Finally, Advisors Asset Management Inc. bought a new position in shares of Limoneira during the 3rd quarter worth $106,000. Institutional investors own 27.17% of the company’s stock.
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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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