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

Limoneira Co (NASDAQ:LMNR) CFO Gregory Hamm sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $10.71, for a total value of $10,710.00. Following the sale, the chief financial officer owned 83,812 shares in the company, valued at approximately $897,626.52. The trade was a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limoneira Stock Performance

Limoneira stock opened at $10.06 on Wednesday. The firm has a market capitalization of $182.39 million, a PE ratio of -4.21 and a beta of 0.36. Limoneira Co has a one year low of $10.05 and a one year high of $15.43. The stock’s 50 day moving average price is $12.39 and its 200 day moving average price is $13.18. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.44 and a current ratio of 1.51.

Limoneira (NASDAQ:LMNR) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.17). Limoneira had a negative net margin of 33.03% and a negative return on equity of 13.91%. The firm had revenue of $43.81 million for the quarter, compared to analysts’ expectations of $49.62 million. As a group, sell-side analysts expect that Limoneira Co will post -0.73 EPS for the current fiscal year.

Institutional Trading of Limoneira

Hedge funds have recently made changes to their positions in the stock. Trust Co. of Vermont bought a new stake in shares of Limoneira in the second quarter worth $33,000. Leonteq Securities AG raised its holdings in Limoneira by 88.8% in the first quarter. Leonteq Securities AG now owns 3,386 shares of the company’s stock valued at $45,000 after acquiring an additional 1,593 shares in the last quarter. Hsbc Holdings PLC bought a new position in Limoneira during the 2nd quarter valued at $139,000. Everett Harris & Co. CA bought a new position in Limoneira during the 2nd quarter valued at $155,000. Finally, Bank of America Corp DE bought a new position in Limoneira during the 2nd quarter valued at $166,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Zacks Research cut shares of Limoneira from a “hold” rating to a “strong sell” rating in a research report on Monday, October 12th. Wall Street Zen raised Limoneira from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 5th. Lake Street Capital dropped their target price on Limoneira from $18.00 to $16.50 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Finally, Weiss Ratings upgraded Limoneira from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 9th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.50.

About Limoneira

Limoneira Company is an agribusiness and real estate development company headquartered in Santa Paula, California. Founded in 1893, the company is one of the oldest and largest lemon producers in the United States and owns or manages agricultural land primarily in California and Arizona.

Limoneira grows, packs, markets and distributes lemons, avocados, oranges and other specialty citrus products. Its operations include orchard management, harvesting, packing and fresh-produce marketing, with products sold through retailers, foodservice providers and other commercial customers in the United States and international markets.

In addition to its agricultural activities, Limoneira owns land and pursues real estate development projects connected to its properties.