Limoneira (NASDAQ:LMNR) CEO Harold S. Edwards sold 1,000 shares of Limoneira stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $20.00, for a total transaction of $20,000.00. Following the sale, the chief executive officer now owns 132,957 shares in the company, valued at $2,659,140. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NASDAQ LMNR traded down $0.08 during midday trading on Thursday, reaching $20.20. The stock had a trading volume of 75,200 shares, compared to its average volume of 67,723. The firm has a market cap of $360.44 million, a price-to-earnings ratio of 40.40 and a beta of 1.07. Limoneira has a twelve month low of $17.05 and a twelve month high of $28.76. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 1.04. The company’s 50 day moving average price is $18.93 and its 200 day moving average price is $20.88.

Limoneira (NASDAQ:LMNR) last issued its quarterly earnings results on Monday, June 10th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.02. The firm had revenue of $42.04 million for the quarter, compared to the consensus estimate of $43.54 million. Limoneira had a negative net margin of 4.08% and a negative return on equity of 4.02%. Equities analysts forecast that Limoneira will post -0.17 earnings per share for the current fiscal year.

LMNR has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Limoneira from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 5th. BidaskClub downgraded shares of Limoneira from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. ValuEngine upgraded shares of Limoneira from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 31st. TheStreet downgraded shares of Limoneira from a “b-” rating to a “c+” rating in a research report on Tuesday, June 11th. Finally, National Securities began coverage on shares of Limoneira in a research report on Monday, July 22nd. They set a “buy” rating and a $30.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.25.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada lifted its position in shares of Limoneira by 35.8% in the 2nd quarter. Royal Bank of Canada now owns 36,290 shares of the company’s stock worth $724,000 after purchasing an additional 9,570 shares during the period. Morgan Stanley lifted its position in shares of Limoneira by 3.5% in the 2nd quarter. Morgan Stanley now owns 83,713 shares of the company’s stock worth $1,669,000 after purchasing an additional 2,832 shares during the period. Vanguard Group Inc. lifted its position in shares of Limoneira by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 718,242 shares of the company’s stock worth $14,322,000 after purchasing an additional 3,452 shares during the period. BlackRock Inc. lifted its position in shares of Limoneira by 3.9% in the 2nd quarter. BlackRock Inc. now owns 1,045,549 shares of the company’s stock worth $20,848,000 after purchasing an additional 39,164 shares during the period. Finally, AXA lifted its position in shares of Limoneira by 4.2% in the 2nd quarter. AXA now owns 238,137 shares of the company’s stock worth $4,748,000 after purchasing an additional 9,507 shares during the period. Hedge funds and other institutional investors own 54.86% of the company’s stock.

Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons.

Further Reading: Recession

Insider Buying and Selling by Quarter for Limoneira (NASDAQ:LMNR)

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