Limoneira Co (NASDAQ:LMNR) Given Consensus Recommendation of “Hold” by Analysts

Limoneira Co (NASDAQ:LMNR) has been assigned a consensus rating of “Hold” from the five brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $18.50.

Several equities research analysts have recently weighed in on LMNR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Limoneira in a report on Monday, December 29th. Roth Capital reiterated a “buy” rating on shares of Limoneira in a research note on Monday, September 15th. Lake Street Capital started coverage on Limoneira in a research report on Wednesday, December 31st. They set a “buy” rating and a $19.00 target price for the company. Finally, Zacks Research cut shares of Limoneira from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 31st.

Limoneira Stock Performance

Limoneira stock opened at $13.50 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.35 and a quick ratio of 1.27. The firm has a market capitalization of $244.62 million, a P/E ratio of -14.52 and a beta of 0.39. Limoneira has a 1-year low of $12.20 and a 1-year high of $24.12. The company’s 50-day moving average is $13.66 and its 200 day moving average is $14.72.

Limoneira Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Tuesday, December 30th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, December 30th. Limoneira’s dividend payout ratio is currently -32.26%.

Insider Buying and Selling at Limoneira

In related news, Director Scott S. Slater purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was purchased at an average price of $12.85 per share, with a total value of $64,250.00. Following the completion of the purchase, the director owned 64,447 shares of the company’s stock, valued at approximately $828,143.95. The trade was a 8.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 8.85% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in Limoneira by 64.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,699 shares of the company’s stock valued at $27,000 after purchasing an additional 668 shares in the last quarter. CWM LLC increased its stake in shares of Limoneira by 144.3% during the third quarter. CWM LLC now owns 2,450 shares of the company’s stock valued at $36,000 after buying an additional 1,447 shares during the period. Byrne Asset Management LLC raised its holdings in shares of Limoneira by 33.1% in the second quarter. Byrne Asset Management LLC now owns 5,151 shares of the company’s stock valued at $81,000 after acquiring an additional 1,282 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Limoneira in the third quarter valued at about $151,000. Finally, Walleye Capital LLC bought a new position in Limoneira during the 2nd quarter worth about $220,000. 64.35% of the stock is currently owned by hedge funds and other institutional investors.

Limoneira Company Profile

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.