Quinn Opportunity Partners LLC Has $2.82 Million Stock Position in Limoneira Co $LMNR

Quinn Opportunity Partners LLC grew its holdings in shares of Limoneira Co (NASDAQ:LMNR) by 5.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 180,357 shares of the company’s stock after acquiring an additional 8,987 shares during the quarter. Quinn Opportunity Partners LLC owned 1.00% of Limoneira worth $2,823,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LMNR. Peapod Lane Capital LLC bought a new stake in Limoneira during the 2nd quarter worth approximately $1,927,000. Inspire Investing LLC increased its holdings in Limoneira by 28.0% in the second quarter. Inspire Investing LLC now owns 24,852 shares of the company’s stock valued at $389,000 after purchasing an additional 5,441 shares during the period. Byrne Asset Management LLC raised its position in Limoneira by 33.1% during the 2nd quarter. Byrne Asset Management LLC now owns 5,151 shares of the company’s stock worth $81,000 after purchasing an additional 1,282 shares during the last quarter. Jane Street Group LLC acquired a new position in Limoneira during the 1st quarter worth about $335,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Limoneira during the 1st quarter worth about $256,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

Limoneira Price Performance

Limoneira stock opened at $13.62 on Wednesday. The stock has a market cap of $245.81 million, a price-to-earnings ratio of -24.76 and a beta of 0.42. The company has a quick ratio of 1.66, a current ratio of 1.80 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $14.80 and a 200 day simple moving average of $15.30. Limoneira Co has a 52 week low of $13.25 and a 52 week high of $28.50.

Limoneira Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, October 6th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, October 6th. Limoneira’s payout ratio is currently -54.55%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LMNR. Zacks Research lowered shares of Limoneira from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 16th. Roth Capital restated a “buy” rating on shares of Limoneira in a research note on Monday, September 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Limoneira in a report on Friday, October 31st. Finally, Stephens initiated coverage on Limoneira in a research report on Friday, September 12th. They set an “equal weight” rating and a $18.00 target price for the company. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.50.

Limoneira Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.