Limoneira (NASDAQ:LMNR) CFO Gregory Hamm Sells 1,000 Shares

Limoneira Co (NASDAQ:LMNR) CFO Gregory Hamm sold 1,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $12.77, for a total transaction of $12,770.00. Following the completion of the transaction, the chief financial officer directly owned 77,668 shares of the company’s stock, valued at approximately $991,820.36. This represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limoneira Trading Up 0.3%

Shares of NASDAQ LMNR opened at $12.82 on Wednesday. Limoneira Co has a 1-year low of $12.20 and a 1-year high of $17.19. The company has a market cap of $232.17 million, a PE ratio of -10.02 and a beta of 0.30. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average of $13.02 and a two-hundred day moving average of $13.57.

Limoneira (NASDAQ:LMNR) last announced its earnings results on Thursday, March 12th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.09). Limoneira had a negative return on equity of 12.19% and a negative net margin of 15.55%.The company had revenue of $18.21 million during the quarter, compared to the consensus estimate of $16.22 million. As a group, equities analysts expect that Limoneira Co will post -0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on LMNR. Zacks Research raised shares of Limoneira from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Limoneira in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Limoneira has an average rating of “Hold” and a consensus target price of $18.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LMNR. Jacobs Levy Equity Management Inc. acquired a new position in Limoneira during the first quarter valued at approximately $256,000. Jane Street Group LLC acquired a new position in Limoneira during the first quarter valued at approximately $335,000. Geode Capital Management LLC grew its holdings in Limoneira by 5.6% during 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 period. JPMorgan Chase & Co. grew its holdings in Limoneira by 248.7% during the second quarter. JPMorgan Chase & Co. now owns 44,238 shares of the company’s stock valued at $692,000 after purchasing an additional 31,552 shares during the period. Finally, Rhumbline Advisers grew its holdings in Limoneira by 29.5% during the second quarter. Rhumbline Advisers now owns 24,943 shares of the company’s stock valued at $390,000 after purchasing an additional 5,682 shares during the period. Institutional investors and hedge funds own 64.35% of the company’s stock.

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.