Limoneira (NASDAQ:LMNR) Director Buys $64,250.00 in Stock

by · The Markets Daily

Limoneira Co (NASDAQ:LMNRGet Free Report) Director Scott Slater purchased 5,000 shares of Limoneira stock in a transaction on Thursday, January 8th. The shares were purchased at an average cost of $12.85 per share, with a total value of $64,250.00. Following the transaction, the director owned 64,447 shares in the company, valued at approximately $828,143.95. The trade was a 8.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Limoneira Stock Up 1.8%

Shares of NASDAQ LMNR traded up $0.24 during midday trading on Friday, reaching $13.50. The company’s stock had a trading volume of 96,185 shares, compared to its average volume of 121,701. The stock has a 50 day simple moving average of $13.67 and a 200-day simple moving average of $14.74. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $244.61 million, a price-to-earnings ratio of -14.52 and a beta of 0.39. Limoneira Co has a fifty-two week low of $12.20 and a fifty-two week high of $24.12.

Limoneira Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Tuesday, December 30th will be issued a $0.075 dividend. The ex-dividend date is Tuesday, December 30th. This represents a $0.30 annualized dividend and a dividend yield of 2.2%. Limoneira’s dividend payout ratio (DPR) is presently -32.26%.

Hedge Funds Weigh In On Limoneira

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. bought a new stake in Limoneira in the 1st quarter valued at $256,000. Jane Street Group LLC acquired a new stake in shares of Limoneira during the first quarter worth $335,000. Inspire Investing LLC boosted its position in shares of Limoneira by 19.2% in the first quarter. Inspire Investing LLC now owns 19,411 shares of the company’s stock valued at $344,000 after acquiring an additional 3,132 shares during the period. Byrne Asset Management LLC grew its stake in shares of Limoneira by 33.1% in the second quarter. Byrne Asset Management LLC now owns 5,151 shares of the company’s stock valued at $81,000 after acquiring an additional 1,282 shares in the last quarter. Finally, Peapod Lane Capital LLC acquired a new position in shares of Limoneira in the second quarter valued at about $1,927,000. 64.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on LMNR shares. Roth Capital reissued a “buy” rating on shares of Limoneira in a research report on Monday, September 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Limoneira in a report on Monday, December 29th. Zacks Research downgraded shares of Limoneira from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 31st. Lake Street Capital initiated coverage on shares of Limoneira in a research note on Wednesday, December 31st. They issued a “buy” rating and a $19.00 price target for the company. Finally, Stephens began coverage on shares of Limoneira in a research report on Friday, September 12th. They issued an “equal weight” rating and a $18.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $18.50.

Check Out Our Latest Research Report on Limoneira

About Limoneira

(Get Free Report)

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.

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