Marshall Wace LLP Invests $3.33 Million in Limoneira (LMNR) Stock

Marshall Wace LLP purchased a new stake in shares of Limoneira (NASDAQ:LMNR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 127,661 shares of the company’s stock, valued at approximately $3,333,000. Marshall Wace LLP owned 0.72% of Limoneira as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Stephens Inc. AR acquired a new stake in Limoneira during the second quarter valued at $2,296,000. Cortina Asset Management LLC acquired a new stake in Limoneira during the second quarter valued at $6,925,000. Dimensional Fund Advisors LP grew its position in Limoneira by 15.7% during the second quarter. Dimensional Fund Advisors LP now owns 307,014 shares of the company’s stock valued at $7,556,000 after buying an additional 41,581 shares during the period. EAM Investors LLC acquired a new stake in Limoneira during the third quarter valued at $744,000. Finally, Advisors Asset Management Inc. grew its position in Limoneira by 6,350.3% during the second quarter. Advisors Asset Management Inc. now owns 1,039,403 shares of the company’s stock valued at $603,000 after buying an additional 1,023,289 shares during the period. Institutional investors own 50.29% of the company’s stock.

LMNR opened at $20.63 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 0.31. The firm has a market cap of $364.51 million, a price-to-earnings ratio of 31.26, a P/E/G ratio of 1.50 and a beta of 0.85. Limoneira has a 52-week low of $19.62 and a 52-week high of $33.42.

Several analysts recently commented on LMNR shares. BidaskClub lowered shares of Limoneira from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. ValuEngine lowered shares of Limoneira from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. Lake Street Capital set a $31.00 price target on shares of Limoneira and gave the company a “buy” rating in a research report on Tuesday, September 11th. Zacks Investment Research raised shares of Limoneira from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Finally, Buckingham Research increased their price objective on shares of Limoneira from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, September 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Limoneira has a consensus rating of “Hold” and an average target price of $29.80.

In other Limoneira news, Director John W.H. Merriman sold 2,200 shares of the stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $28.01, for a total transaction of $61,622.00. Following the transaction, the director now directly owns 1,218 shares of the company’s stock, valued at $34,116.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Calavo Growers Inc sold 8,275 shares of the stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $23.84, for a total transaction of $197,276.00. Following the transaction, the insider now directly owns 1,720,295 shares in the company, valued at $41,011,832.80. The disclosure for this sale can be found here. Company insiders own 4.50% of the company’s stock.

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Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. The Fresh Lemons segment markets and sells lemons directly to food service, wholesale, and retail customers.

Read More: Cash Flow

Institutional Ownership by Quarter for Limoneira (NASDAQ:LMNR)

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