Limoneira (NASDAQ:LMNR) insider Harold S. Edwards sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $20.30, for a total value of $20,300.00. Following the transaction, the insider now directly owns 135,957 shares in the company, valued at approximately $2,759,927.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

LMNR traded down $0.71 during trading hours on Friday, reaching $19.58. 40,430 shares of the company’s stock traded hands, compared to its average volume of 70,925. Limoneira has a 52-week low of $18.07 and a 52-week high of $33.42. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.44. The stock has a market cap of $348.00 million, a P/E ratio of 39.16, a PEG ratio of 2.33 and a beta of 0.96.

Limoneira (NASDAQ:LMNR) last posted its quarterly earnings data on Tuesday, March 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.05). Limoneira had a net margin of 4.91% and a return on equity of 3.73%. The business had revenue of $42.02 million for the quarter, compared to analysts’ expectations of $44.74 million. Equities analysts anticipate that Limoneira will post 0.56 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, April 8th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Friday, April 5th. Limoneira’s dividend payout ratio is 60.00%.

A number of equities analysts recently issued reports on LMNR shares. BidaskClub cut Limoneira from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 19th. ValuEngine upgraded Limoneira from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Zacks Investment Research cut Limoneira from a “hold” rating to a “strong sell” rating in a report on Thursday, February 21st. Stephens cut Limoneira from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $25.00 to $18.00 in a report on Tuesday, May 14th. Finally, Lake Street Capital set a $28.00 price objective on Limoneira and gave the company a “buy” rating in a report on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $27.20.

Several hedge funds have recently modified their holdings of LMNR. Ashford Capital Management Inc. lifted its position in shares of Limoneira by 59.4% in the first quarter. Ashford Capital Management Inc. now owns 845,830 shares of the company’s stock valued at $19,902,000 after acquiring an additional 315,141 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Limoneira by 17.8% in the first quarter. Advisors Asset Management Inc. now owns 29,720 shares of the company’s stock valued at $699,000 after acquiring an additional 4,492 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Limoneira by 11.4% in the first quarter. Geode Capital Management LLC now owns 180,394 shares of the company’s stock valued at $4,244,000 after acquiring an additional 18,491 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Limoneira by 8.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 85,269 shares of the company’s stock valued at $2,007,000 after acquiring an additional 6,713 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Limoneira by 0.5% in the first quarter. Northern Trust Corp now owns 176,059 shares of the company’s stock valued at $4,142,000 after acquiring an additional 922 shares in the last quarter. Institutional investors and hedge funds own 50.78% of the company’s stock.

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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.

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

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