Limoneira Co (NASDAQ:LMNR) Shares Sold by JPMorgan Chase & Co.
JPMorgan Chase & Co. lowered its position in shares of Limoneira Co (NASDAQ:LMNR) by 66.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,673 shares of the company’s stock after selling 14,933 shares during the period. JPMorgan Chase & Co.’s holdings in Limoneira were worth $160,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of Limoneira by 5.2% in the first quarter. Wells Fargo & Company MN now owns 8,336 shares of the company’s stock worth $175,000 after buying an additional 410 shares during the period. Bank of New York Mellon Corp increased its stake in Limoneira by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 72,107 shares of the company’s stock worth $1,508,000 after buying an additional 991 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Limoneira by 59.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 113,628 shares of the company’s stock worth $2,444,000 after buying an additional 42,500 shares during the last quarter. Renaissance Technologies LLC increased its stake in Limoneira by 362.4% in the fourth quarter. Renaissance Technologies LLC now owns 136,400 shares of the company’s stock worth $2,934,000 after buying an additional 106,900 shares during the last quarter. Finally, Teton Advisors Inc. increased its stake in Limoneira by 21.8% in the first quarter. Teton Advisors Inc. now owns 136,590 shares of the company’s stock worth $2,856,000 after buying an additional 24,470 shares during the last quarter. Hedge funds and other institutional investors own 25.82% of the company’s stock.
Shares of Limoneira Co (NASDAQ:LMNR) opened at 22.19 on Tuesday. The company has a 50-day moving average price of $22.45 and a 200-day moving average price of $19.87. The company has a market cap of $319.65 million, a P/E ratio of 27.46 and a beta of 0.89. Limoneira Co has a 52-week low of $15.87 and a 52-week high of $24.00.
Limoneira (NASDAQ:LMNR) last posted its quarterly earnings data on Thursday, June 8th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. The business had revenue of $36.89 million during the quarter, compared to analyst estimates of $33.31 million. Limoneira had a return on equity of 9.09% and a net margin of 9.82%. The company’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period last year, the company earned $0.08 EPS. On average, equities analysts predict that Limoneira Co will post $0.55 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 18th. Stockholders of record on Monday, July 10th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.99%. This is a positive change from Limoneira’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, July 6th. Limoneira’s dividend payout ratio (DPR) is presently 28.21%.
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A number of analysts recently weighed in on LMNR shares. Zacks Investment Research downgraded Limoneira from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Roth Capital restated a “buy” rating and issued a $26.50 target price on shares of Limoneira in a research report on Wednesday, June 7th.
In other news, Director Ronald L. Michaelis sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $23.44, for a total value of $35,160.00. Following the completion of the sale, the director now directly owns 9,686 shares of the company’s stock, valued at approximately $227,039.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Elizabeth Blanchard Chess sold 3,506 shares of the firm’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 value of $82,145.58. Following the completion of the sale, the director now directly owns 1,616 shares of the company’s stock, valued at $37,862.88. The disclosure for this sale can be found here. Insiders sold a total of 8,006 shares of company stock valued at $181,356 over the last ninety days. Corporate insiders own 5.70% of the company’s stock.
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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