Limoneira (NASDAQ:LMNR) CFO Sells $12,770.00 in Stock

Limoneira Co (NASDAQ:LMNR) CFO Gregory Hamm sold 1,000 shares of Limoneira stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $12.77, for a total value of $12,770.00. Following the transaction, the chief financial officer owned 77,668 shares of the company’s stock, valued at $991,820.36. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limoneira Stock Up 0.4%

LMNR stock traded up $0.06 during mid-day trading on Tuesday, reaching $12.84. 147,085 shares of the company traded hands, compared to its average volume of 75,368. The stock has a market cap of $232.40 million, a price-to-earnings ratio of -9.98 and a beta of 0.30. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 0.53. Limoneira Co has a fifty-two week low of $12.20 and a fifty-two week high of $17.19. The firm’s 50 day moving average price is $13.02 and its 200 day moving average price is $13.57.

Limoneira (NASDAQ:LMNR) last released its quarterly earnings results on Thursday, March 12th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.09). The company had revenue of $18.21 million for the quarter, compared to analyst estimates of $16.22 million. Limoneira had a negative net margin of 15.55% and a negative return on equity of 12.19%. As a group, equities research analysts predict that Limoneira Co will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on LMNR. Zacks Research upgraded Limoneira from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Limoneira in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Limoneira presently has a consensus rating of “Hold” and a consensus price target of $18.50.

Hedge Funds Weigh In On Limoneira

Hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in shares of Limoneira by 64.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,699 shares of the company’s stock worth $27,000 after purchasing an additional 668 shares during the period. Bank of America Corp DE raised its holdings in shares of Limoneira by 5.5% in the 1st quarter. Bank of America Corp DE now owns 16,559 shares of the company’s stock worth $222,000 after purchasing an additional 859 shares during the period. Flax Pond Capital LLC raised its holdings in shares of Limoneira by 0.7% in the 1st quarter. Flax Pond Capital LLC now owns 171,132 shares of the company’s stock worth $2,297,000 after purchasing an additional 1,224 shares during the period. American Century Companies Inc. raised its holdings in shares of Limoneira by 3.8% in the 2nd quarter. American Century Companies Inc. now owns 36,690 shares of the company’s stock worth $574,000 after purchasing an additional 1,359 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of Limoneira by 5.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 25,614 shares of the company’s stock worth $380,000 after purchasing an additional 1,380 shares during the period. Institutional investors own 64.35% of the company’s stock.

Limoneira Company Profile

Limoneira Company (NASDAQ: LMNR), founded in 1893 and based in Santa Paula, California, is a diversified agribusiness and real estate enterprise. As one of the oldest citrus producers in the United States, Limoneira has built a reputation for cultivating and marketing high-quality citrus fruits, avocados and specialty crops. The company’s vertically integrated model encompasses farming, packing, processing and marketing activities designed to deliver fresh produce to domestic and international markets.

In its agricultural operations, Limoneira specializes in lemons, oranges and avocados, employing modern irrigation, harvesting and packing technologies to maintain consistent product quality and supply.