Gregory Hamm Sells 1,000 Shares of Limoneira (NASDAQ:LMNR) Stock

Limoneira Co (NASDAQ:LMNR) CFO Gregory Hamm sold 1,000 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $12.99, for a total value of $12,990.00. Following the transaction, the chief financial officer owned 86,812 shares of the company’s stock, valued at $1,127,687.88. This trade represents a 1.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limoneira Price Performance

Shares of LMNR opened at $13.83 on Thursday. The firm has a market capitalization of $250.74 million, a price-to-earnings ratio of -6.07 and a beta of 0.30. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.53 and a current ratio of 1.68. Limoneira Co has a one year low of $11.66 and a one year high of $16.62. The stock’s fifty day moving average is $13.22 and its 200-day moving average is $13.38.

Limoneira (NASDAQ:LMNR) last posted its quarterly earnings data on Tuesday, June 9th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.08). The company had revenue of $23.93 million during the quarter, compared to analyst estimates of $21.42 million. Limoneira had a negative return on equity of 13.94% and a negative net margin of 30.50%. Equities analysts anticipate that Limoneira Co will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

LMNR has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Limoneira in a report on Wednesday, June 24th. Lake Street Capital cut their target price on Limoneira from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, June 10th. Finally, HC Wainwright downgraded Limoneira to a “buy” rating in a research report on Wednesday, June 10th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Limoneira currently has an average rating of “Hold” and a consensus target price of $18.00.

Institutional Investors Weigh In On Limoneira

Institutional investors and hedge funds have recently bought and sold shares of the business. First Wilshire Securities Management Inc. grew its stake in shares of Limoneira by 122.2% in the 1st quarter. First Wilshire Securities Management Inc. now owns 578,059 shares of the company’s stock worth $7,758,000 after purchasing an additional 317,872 shares during the last quarter. Peapod Lane Capital LLC raised its holdings in shares of Limoneira by 44.5% in the 4th quarter. Peapod Lane Capital LLC now owns 208,547 shares of the company’s stock worth $2,633,000 after purchasing an additional 64,178 shares in the last quarter. Flax Pond Capital LLC acquired a new stake in Limoneira during the fourth quarter valued at approximately $2,145,000. Marquette Asset Management LLC acquired a new stake in Limoneira during the second quarter valued at approximately $608,000. Finally, Everett Harris & Co. CA bought a new stake in Limoneira during the second quarter worth approximately $155,000. 64.35% of the stock is owned by institutional investors and hedge funds.

About Limoneira

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.