D.A. Davidson & CO. Acquires 4,600 Shares of Limoneira Co (LMNR)
D.A. Davidson & CO. raised its holdings in Limoneira Co (NASDAQ:LMNR) by 184.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,100 shares of the company’s stock after purchasing an additional 4,600 shares during the period. D.A. Davidson & CO.’s holdings in Limoneira were worth $167,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Limoneira by 4.0% in the first quarter. Vanguard Group Inc. now owns 489,206 shares of the company’s stock worth $10,230,000 after purchasing an additional 18,774 shares in the last quarter. First Wilshire Securities Management Inc. increased its stake in shares of Limoneira by 49.3% in the first quarter. First Wilshire Securities Management Inc. now owns 142,577 shares of the company’s stock worth $2,981,000 after purchasing an additional 47,096 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Limoneira by 23.4% in the first quarter. Dimensional Fund Advisors LP now owns 140,181 shares of the company’s stock worth $2,931,000 after purchasing an additional 26,553 shares in the last quarter. Teton Advisors Inc. increased its stake in shares of Limoneira by 1.5% in the second quarter. Teton Advisors Inc. now owns 138,575 shares of the company’s stock worth $3,275,000 after purchasing an additional 1,985 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Limoneira by 9.9% in the first quarter. Geode Capital Management LLC now owns 85,463 shares of the company’s stock worth $1,787,000 after purchasing an additional 7,675 shares in the last quarter. Hedge funds and other institutional investors own 26.51% of the company’s stock.
In other Limoneira news, Director Ronald L. Michaelis sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $22.70, for a total transaction of $34,050.00. Following the completion of the sale, the director now directly owns 9,686 shares of the company’s stock, valued at approximately $219,872.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Harold S. Edwards sold 6,652 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $23.00, for a total transaction of $152,996.00. The disclosure for this sale can be found here. Insiders sold a total of 11,646 shares of company stock valued at $267,557 over the last three months. 5.70% of the stock is currently owned by insiders.
Several research firms have recently weighed in on LMNR. Zacks Investment Research downgraded shares of Limoneira from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. BidaskClub downgraded shares of Limoneira from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th.
Limoneira Co (LMNR) opened at 22.53 on Friday. Limoneira Co has a 52-week low of $16.39 and a 52-week high of $24.50. The company has a market capitalization of $324.54 million, a price-to-earnings ratio of 38.71 and a beta of 0.89. The stock has a 50 day moving average of $22.42 and a 200-day moving average of $21.28.
Limoneira (NASDAQ:LMNR) last released its earnings results on Monday, September 11th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.01). The firm had revenue of $40.40 million during the quarter, compared to analysts’ expectations of $37.94 million. Limoneira had a return on equity of 6.64% and a net margin of 7.42%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 earnings per share. On average, equities research analysts anticipate that Limoneira Co will post $0.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Monday, October 9th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, October 5th. Limoneira’s dividend payout ratio is 37.29%.
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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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