Limoneira (LMNR) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of Limoneira (NASDAQ:LMNR) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

LMNR has been the subject of a number of other reports. Roth Capital set a $28.00 target price on Limoneira and gave the company a buy rating in a research report on Friday, December 8th. Zacks Investment Research downgraded Limoneira from a buy rating to a hold rating in a research report on Friday, August 25th.

Limoneira (NASDAQ:LMNR) opened at $21.39 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.61 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $307.31, a P/E ratio of 39.61 and a beta of 1.06. Limoneira has a 52-week low of $16.39 and a 52-week high of $26.06.

In other news, insider Harold S. Edwards sold 6,652 shares of the stock in a transaction that occurred on 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald L. Michaelis sold 1,500 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $23.58, for a total value of $35,370.00. Following the transaction, the director now owns 9,686 shares of the company’s stock, valued at $228,395.88. The disclosure for this sale can be found here. Insiders have sold a total of 8,155 shares of company stock valued at $188,437 over the last quarter. Corporate insiders own 5.70% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of LMNR. Vanguard Group Inc. lifted its position in Limoneira by 4.0% in the first quarter. Vanguard Group Inc. now owns 489,206 shares of the company’s stock worth $10,230,000 after buying an additional 18,774 shares during the last quarter. Geode Capital Management LLC lifted its position in Limoneira by 9.9% in the first quarter. Geode Capital Management LLC now owns 85,463 shares of the company’s stock worth $1,787,000 after buying an additional 7,675 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Limoneira by 23.4% in the first quarter. Dimensional Fund Advisors LP now owns 140,181 shares of the company’s stock worth $2,931,000 after buying an additional 26,553 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Limoneira by 5.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 40,449 shares of the company’s stock worth $846,000 after buying an additional 2,052 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Limoneira by 2.6% in the first quarter. Bank of America Corp DE now owns 24,234 shares of the company’s stock worth $506,000 after buying an additional 621 shares during the last quarter. Institutional investors own 27.47% of the company’s stock.

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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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