Limoneira Co (LMNR) Insider Sells $152,996.00 in Stock
Limoneira Co (NASDAQ:LMNR) insider Harold S. Edwards sold 6,652 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $23.00, for a total transaction of $152,996.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Limoneira Co (LMNR) traded down 2.21% during mid-day trading on Friday, hitting $22.53. 20,957 shares of the company’s stock were exchanged. The stock has a market capitalization of $324.54 million, a P/E ratio of 38.71 and a beta of 0.89. Limoneira Co has a 52 week low of $16.39 and a 52 week high of $24.50. The firm has a 50 day moving average of $22.37 and a 200 day moving average of $21.26.
Limoneira (NASDAQ:LMNR) last issued its earnings results on Monday, September 11th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.01). The business had revenue of $40.40 million during the quarter, compared to the consensus estimate of $37.94 million. Limoneira had a net margin of 7.42% and a return on equity of 6.64%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.71 EPS. Equities analysts forecast that Limoneira Co will post $0.53 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Monday, October 9th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, October 5th. Limoneira’s dividend payout ratio (DPR) is presently 37.29%.
A number of research firms have commented on LMNR. Zacks Investment Research downgraded shares of Limoneira from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. BidaskClub downgraded shares of Limoneira from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th.
Several hedge funds and other institutional investors have recently modified their holdings of LMNR. First Wilshire Securities Management Inc. raised its position in shares of Limoneira by 49.3% in the 1st quarter. First Wilshire Securities Management Inc. now owns 142,577 shares of the company’s stock valued at $2,981,000 after acquiring an additional 47,096 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Limoneira by 22.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 171,474 shares of the company’s stock valued at $4,052,000 after acquiring an additional 31,293 shares during the period. Wedge Capital Management L L P NC acquired a new stake in shares of Limoneira in the 2nd quarter valued at approximately $683,000. State Street Corp raised its position in shares of Limoneira by 15.1% in the 2nd quarter. State Street Corp now owns 198,221 shares of the company’s stock valued at $4,682,000 after acquiring an additional 25,932 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Limoneira by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 489,206 shares of the company’s stock valued at $10,230,000 after acquiring an additional 18,774 shares during the period. 26.51% of the stock is currently owned by institutional investors.
Limoneira Company Profile
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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