SFE Investment Counsel Has $603,000 Position in Limoneira Co (LMNR)
SFE Investment Counsel held its stake in Limoneira Co (NASDAQ:LMNR) during the second quarter, Holdings Channel reports. The firm owned 25,513 shares of the company’s stock at the end of the second quarter. SFE Investment Counsel’s holdings in Limoneira were worth $603,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Limoneira by 4.0% in the first quarter. Vanguard Group Inc. now owns 489,206 shares of the company’s stock valued at $10,230,000 after buying an additional 18,774 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in Limoneira by 5.4% in the first quarter. State of New Jersey Common Pension Fund D now owns 216,000 shares of the company’s stock valued at $4,517,000 after buying an additional 11,000 shares in the last quarter. State Street Corp increased its stake in Limoneira by 5.6% in the fourth quarter. State Street Corp now owns 165,700 shares of the company’s stock valued at $3,563,000 after buying an additional 8,811 shares in the last quarter. First Wilshire Securities Management Inc. increased its stake in Limoneira by 49.3% in the first quarter. First Wilshire Securities Management Inc. now owns 142,577 shares of the company’s stock valued at $2,981,000 after buying an additional 47,096 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Limoneira by 23.4% in the first quarter. Dimensional Fund Advisors LP now owns 140,181 shares of the company’s stock valued at $2,931,000 after buying an additional 26,553 shares in the last quarter. 26.19% of the stock is owned by institutional investors and hedge funds.
Shares of Limoneira Co (NASDAQ LMNR) opened at 21.80 on Wednesday. The firm has a 50-day moving average of $22.47 and a 200-day moving average of $20.18. The stock has a market cap of $314.03 million, a PE ratio of 26.98 and a beta of 0.89. Limoneira Co has a one year low of $15.87 and a one year high of $24.00.
Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Thursday, June 8th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Limoneira had a net margin of 9.82% and a return on equity of 9.09%. The company had revenue of $36.89 million during the quarter, compared to analyst estimates of $33.31 million. During the same quarter last year, the business posted $0.08 EPS. The firm’s revenue for the quarter was up 34.8% on a year-over-year basis. On average, equities research analysts expect that Limoneira Co will post $0.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Stockholders of record on Monday, July 10th were issued a $0.055 dividend. The ex-dividend date was Thursday, July 6th. This represents a $0.22 annualized dividend and a dividend yield of 1.01%. This is a positive change from Limoneira’s previous quarterly dividend of $0.05. Limoneira’s payout ratio is currently 28.21%.
LMNR has been the subject of several recent research reports. Zacks Investment Research raised shares of Limoneira from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, June 27th. Roth Capital reaffirmed a “buy” rating and set a $26.50 price objective on shares of Limoneira in a research note on Wednesday, June 7th.
In other Limoneira news, Director Elizabeth Blanchard Chess sold 3,506 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $23.43, for a total transaction of $82,145.58. Following the sale, the director now owns 1,616 shares of the company’s stock, valued at approximately $37,862.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald L. Michaelis sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $20.00, for a total transaction of $30,000.00. Following the sale, the director now directly owns 9,686 shares in the company, valued at approximately $193,720. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,006 shares of company stock valued at $181,356. Company insiders own 5.70% of the company’s stock.
Limoneira Company Profile
Limoneira Company is engaged in agribusiness and real estate development. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s segments include lemon operations, other agribusiness, rental operations and real estate development.
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