Harold S. Edwards Sells 1,000 Shares of Limoneira (NASDAQ:LMNR) Stock
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.
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
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