Marquette Asset Management LLC Makes New Investment in Limoneira Co $LMNR

Marquette Asset Management LLC purchased a new stake in shares of Limoneira Co (NASDAQ:LMNR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 46,335 shares of the company’s stock, valued at approximately $608,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LMNR. First Wilshire Securities Management Inc. lifted its stake in shares of Limoneira by 122.2% in the 1st quarter. First Wilshire Securities Management Inc. now owns 578,059 shares of the company’s stock worth $7,758,000 after purchasing an additional 317,872 shares during the period. Geode Capital Management LLC grew its position 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 buying an additional 20,913 shares during the period. Gamco Investors INC. ET AL grew its position in Limoneira by 7.7% during the first quarter. Gamco Investors INC. ET AL now owns 293,200 shares of the company’s stock valued at $3,935,000 after buying an additional 21,000 shares during the period. Riverwater Partners LLC increased its holdings in Limoneira by 7.1% during the fourth quarter. Riverwater Partners LLC now owns 261,428 shares of the company’s stock valued at $3,301,000 after buying an additional 17,422 shares during the last quarter. Finally, Peapod Lane Capital LLC increased its holdings in Limoneira by 44.5% during the fourth quarter. Peapod Lane Capital LLC now owns 208,547 shares of the company’s stock valued at $2,633,000 after buying an additional 64,178 shares during the last quarter. Hedge funds and other institutional investors own 64.35% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on LMNR. Lake Street Capital dropped their price target on shares of Limoneira from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, June 10th. Weiss Ratings restated a “sell (d)” rating on shares of Limoneira in a research note on Wednesday, June 24th. Finally, HC Wainwright downgraded Limoneira to a “buy” rating in a research report on Wednesday, June 10th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.00.

Limoneira Stock Performance

LMNR opened at $13.76 on Tuesday. The company has a 50 day simple moving average of $13.18 and a two-hundred day simple moving average of $13.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.68 and a quick ratio of 1.53. The firm has a market cap of $249.47 million, a P/E ratio of -6.04 and a beta of 0.30. Limoneira Co has a 1-year low of $11.66 and a 1-year high of $16.62.

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

About Limoneira

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.