Universal Beteiligungs und Servicegesellschaft mbH Lowers Stock Holdings in Limoneira Co $LMNR

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in Limoneira Co (NASDAQ:LMNR) by 15.1% in the third quarter, Holdings Channel.com reports. The fund owned 210,831 shares of the company’s stock after selling 37,500 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Limoneira were worth $3,131,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC boosted its holdings in Limoneira by 144.3% in the 3rd quarter. CWM LLC now owns 2,450 shares of the company’s stock valued at $36,000 after purchasing an additional 1,447 shares during the period. Squarepoint Ops LLC boosted its stake in Limoneira by 52.8% during the second quarter. Squarepoint Ops LLC now owns 52,108 shares of the company’s stock valued at $815,000 after buying an additional 18,005 shares during the period. BNP Paribas Financial Markets boosted its stake in Limoneira by 64.8% during the second quarter. BNP Paribas Financial Markets now owns 1,699 shares of the company’s stock valued at $27,000 after buying an additional 668 shares during the period. Jane Street Group LLC grew its position in Limoneira by 68.8% during the second quarter. Jane Street Group LLC now owns 31,879 shares of the company’s stock worth $499,000 after buying an additional 12,989 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in Limoneira by 515.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 74,124 shares of the company’s stock worth $1,160,000 after acquiring an additional 62,080 shares during the last quarter. Institutional investors own 64.35% of the company’s stock.

Insiders Place Their Bets

In related news, Director Scott S. Slater acquired 5,000 shares of the company’s stock in a transaction dated Thursday, January 8th. The stock was purchased at an average price of $12.85 per share, with a total value of $64,250.00. Following the completion of the purchase, the director owned 64,447 shares in the company, valued at $828,143.95. This trade represents a 8.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.85% of the company’s stock.

Limoneira Stock Performance

Limoneira stock opened at $14.15 on Thursday. The firm has a fifty day simple moving average of $13.81 and a two-hundred day simple moving average of $14.57. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 0.40. Limoneira Co has a twelve month low of $12.20 and a twelve month high of $23.50. The company has a market capitalization of $256.40 million, a PE ratio of -15.21 and a beta of 0.39.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Tuesday, December 23rd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.28). Limoneira had a negative net margin of 10.01% and a negative return on equity of 8.79%. The company had revenue of $42.82 million for the quarter, compared to the consensus estimate of $35.35 million. During the same period last year, the business posted ($0.09) earnings per share.

Limoneira Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Tuesday, December 30th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, December 30th. Limoneira’s payout ratio is -32.26%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Limoneira in a research report on Monday, December 29th. Lake Street Capital began coverage on shares of Limoneira in a research report on Wednesday, December 31st. They set a “buy” rating and a $19.00 target price for the company. Finally, Zacks Research cut shares of Limoneira from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 31st. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.50.

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.