Insider Selling: Limoneira (NASDAQ:LMNR) CFO Sells $12,990.00 in Stock

Limoneira Co (NASDAQ:LMNR) CFO Gregory Hamm sold 1,000 shares of Limoneira stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $12.99, for a total transaction of $12,990.00. Following the completion of the transaction, the chief financial officer directly owned 86,812 shares in the company, valued at $1,127,687.88. This represents a 1.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limoneira Stock Down 0.1%

NASDAQ LMNR opened at $13.81 on Friday. Limoneira Co has a 12 month low of $11.66 and a 12 month high of $16.62. The company has a market capitalization of $250.38 million, a P/E ratio of -6.06 and a beta of 0.30. The company’s 50 day simple moving average is $13.26 and its 200 day simple moving average is $13.37. 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 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 business had revenue of $23.93 million for the quarter, compared to the consensus estimate of $21.42 million. Limoneira had a negative return on equity of 13.94% and a negative net margin of 30.50%. Equities research analysts expect that Limoneira Co will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Limoneira in a report on Wednesday, June 24th. HC Wainwright downgraded Limoneira to a “buy” rating in a report on Wednesday, June 10th. Finally, Lake Street Capital decreased their price target on Limoneira from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, June 10th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Limoneira presently has a consensus rating of “Hold” and an average target price of $18.00.

Institutional Investors Weigh In On Limoneira

Several hedge funds have recently made changes to their positions in LMNR. BlackRock Inc. purchased a new position in Limoneira during the 2nd quarter worth approximately $15,065,000. First Wilshire Securities Management Inc. raised its stake in Limoneira by 122.2% during the 1st quarter. First Wilshire Securities Management Inc. now owns 578,059 shares of the company’s stock valued at $7,758,000 after purchasing an additional 317,872 shares during the period. Geode Capital Management LLC lifted 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 in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Limoneira by 7.7% in the first quarter. Gamco Investors INC. ET AL now owns 293,200 shares of the company’s stock valued at $3,935,000 after purchasing an additional 21,000 shares in the last quarter. Finally, Riverwater Partners LLC boosted its position in shares of Limoneira by 7.1% in the fourth quarter. Riverwater Partners LLC now owns 261,428 shares of the company’s stock worth $3,301,000 after buying an additional 17,422 shares during the period. Hedge funds and other institutional investors 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.