Deprince Race & Zollo Inc. Boosts Stake in Limoneira Co. (LMNR)
Deprince Race & Zollo Inc. increased its position in Limoneira Co. (NASDAQ:LMNR) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,127 shares of the company’s stock after buying an additional 1,050 shares during the period. Deprince Race & Zollo Inc. owned approximately 0.73% of Limoneira worth $1,968,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the company. Nationwide Fund Advisors raised its position in shares of Limoneira by 5.9% in the second quarter. Nationwide Fund Advisors now owns 8,357 shares of the company’s stock worth $147,000 after buying an additional 465 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in shares of Limoneira during the second quarter worth about $160,000. Rhumbline Advisers raised its position in shares of Limoneira by 2.9% in the second quarter. Rhumbline Advisers now owns 11,816 shares of the company’s stock worth $208,000 after buying an additional 333 shares during the last quarter. Teachers Advisors Inc. raised its position in shares of Limoneira by 6.9% in the second quarter. Teachers Advisors Inc. now owns 17,899 shares of the company’s stock worth $315,000 after buying an additional 1,163 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Limoneira by 0.8% in the second quarter. California State Teachers Retirement System now owns 24,594 shares of the company’s stock worth $433,000 after buying an additional 202 shares during the last quarter. Institutional investors own 25.18% of the company’s stock.
Limoneira Co. (NASDAQ:LMNR) traded down 3.70% during midday trading on Monday, hitting $18.49. 45,640 shares of the company were exchanged. The firm’s 50-day moving average price is $19.42 and its 200-day moving average price is $18.16. The stock has a market capitalization of $262.15 million, a PE ratio of 32.44 and a beta of 1.01. Limoneira Co. has a one year low of $11.30 and a one year high of $19.94.
Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Thursday, September 8th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.58 by $0.13. The business earned $39.90 million during the quarter, compared to analyst estimates of $37.69 million. Limoneira had a return on equity of 3.96% and a net margin of 8.16%. The company’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. Equities research analysts anticipate that Limoneira Co. will post $0.47 earnings per share for the current year.
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Separately, Zacks Investment Research raised shares of Limoneira from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Thursday, August 11th.
In other Limoneira news, Director John W.H. Merriman sold 9,867 shares of the firm’s stock in a transaction on Thursday, October 20th. The stock was sold at an average price of $19.54, for a total transaction of $192,801.18. Following the completion of the transaction, the director now owns 300 shares of the company’s stock, valued at $5,862. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.60% of the company’s stock.
Limoneira Company Profile
Limoneira Company is an agribusiness and real estate development company. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s three business divisions are agribusiness, rental operations and real estate development.
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