Flax Pond Capital LLC Makes New $2.15 Million Investment in Limoneira Co $LMNR

Flax Pond Capital LLC purchased a new stake in shares of Limoneira Co (NASDAQ:LMNR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 169,908 shares of the company’s stock, valued at approximately $2,145,000. Flax Pond Capital LLC owned about 0.94% of Limoneira as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LMNR. Teton Advisors LLC bought a new stake in shares of Limoneira during the 3rd quarter worth $1,745,000. Peapod Lane Capital LLC raised its holdings in Limoneira by 44.5% in the 4th quarter. Peapod Lane Capital LLC now owns 208,547 shares of the company’s stock worth $2,633,000 after acquiring an additional 64,178 shares during the period. Qube Research & Technologies Ltd raised its holdings in Limoneira by 515.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 74,124 shares of the company’s stock worth $1,160,000 after acquiring an additional 62,080 shares during the period. JPMorgan Chase & Co. raised its holdings in Limoneira by 248.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 44,238 shares of the company’s stock worth $692,000 after acquiring an additional 31,552 shares during the period. Finally, Gamco Investors INC. ET AL lifted its position in Limoneira by 14.1% during the 3rd quarter. Gamco Investors INC. ET AL now owns 253,200 shares of the company’s stock worth $3,760,000 after acquiring an additional 31,200 shares during the last quarter. Institutional investors own 64.35% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. HC Wainwright cut shares of Limoneira to a “buy” rating in a report on Wednesday, June 10th. Lake Street Capital dropped their price objective on Limoneira from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, June 10th. Zacks Research raised Limoneira from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Limoneira in a research note on Friday, March 27th. Three investment 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.00.

Limoneira Price Performance

NASDAQ:LMNR opened at $13.07 on Friday. The stock has a market cap of $236.99 million, a P/E ratio of -5.73 and a beta of 0.30. Limoneira Co has a one year low of $11.66 and a one year high of $16.99. The company has a fifty day moving average price of $12.84 and a 200 day moving average price of $13.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.68 and a quick ratio of 1.53.

Limoneira (NASDAQ:LMNR) last issued its quarterly earnings results on Tuesday, June 9th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.08). The company had revenue of $23.93 million during the quarter, compared to the consensus estimate of $21.42 million. Limoneira had a negative net margin of 30.50% and a negative return on equity of 13.94%. Analysts anticipate that Limoneira Co will post -0.47 earnings per share for the current year.

Limoneira 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.