Universal Beteiligungs und Servicegesellschaft mbH Lowers Position in Limoneira Co $LMNR

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in shares of Limoneira Co (NASDAQ:LMNR) by 15.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,831 shares of the company’s stock after selling 37,500 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 1.17% of Limoneira worth $3,131,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Limoneira by 5.6% in the second quarter. Geode Capital Management LLC now owns 397,720 shares of the company’s stock valued at $6,226,000 after purchasing an additional 20,913 shares during the last quarter. Gamco Investors INC. ET AL grew its position in Limoneira by 11.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 222,000 shares of the company’s stock worth $3,474,000 after purchasing an additional 22,000 shares in the last quarter. Quinn Opportunity Partners LLC increased its stake in Limoneira by 5.2% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 180,357 shares of the company’s stock valued at $2,823,000 after buying an additional 8,987 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of Limoneira by 4.2% during the 2nd quarter. Gabelli Funds LLC now owns 128,000 shares of the company’s stock worth $2,003,000 after buying an additional 5,200 shares in the last quarter. Finally, Peapod Lane Capital LLC purchased a new position in shares of Limoneira in the 2nd quarter worth approximately $1,927,000. Institutional investors own 64.35% of the company’s stock.

Insider Activity

In related news, Director Scott S. Slater purchased 5,000 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was purchased at an average cost of $12.85 per share, with a total value of $64,250.00. Following the completion of the acquisition, the director directly owned 64,447 shares of the company’s stock, valued at approximately $828,143.95. The trade was a 8.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 8.85% of the stock is currently owned by corporate insiders.

Limoneira Stock Up 0.5%

LMNR stock opened at $14.15 on Thursday. The stock has a fifty day moving average of $13.81 and a 200-day moving average of $14.57. Limoneira Co has a fifty-two week low of $12.20 and a fifty-two week high of $23.50. The company has a market capitalization of $256.40 million, a price-to-earnings ratio of -15.21 and a beta of 0.39. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.27 and a current ratio of 1.35.

Limoneira (NASDAQ:LMNR) last released its quarterly earnings data on Tuesday, December 23rd. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.28). The business had revenue of $42.82 million for the quarter, compared to analysts’ expectations of $35.35 million. Limoneira had a negative net margin of 10.01% and a negative return on equity of 8.79%. During the same period last year, the company earned ($0.09) earnings per share.

Limoneira Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.30 dividend on an annualized basis and a yield of 2.1%. Limoneira’s payout ratio is presently -32.26%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Zacks Research downgraded Limoneira from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 31st. Weiss Ratings restated a “sell (d)” rating on shares of Limoneira in a research note on Monday, December 29th. Finally, Lake Street Capital initiated coverage on Limoneira in a research note on Wednesday, December 31st. They set a “buy” rating and a $19.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.50.

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.