Limoneira (LMNR) CFO Mark Palamountain Sells 500 Shares

Limoneira (NASDAQ:LMNR) CFO Mark Palamountain sold 500 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $20.32, for a total value of $10,160.00. Following the sale, the chief financial officer now directly owns 48,698 shares in the company, valued at approximately $989,543.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mark Palamountain also recently made the following trade(s):

  • On Monday, April 15th, Mark Palamountain sold 500 shares of Limoneira stock. The shares were sold at an average price of $23.72, for a total value of $11,860.00.
  • On Thursday, March 14th, Mark Palamountain sold 1,611 shares of Limoneira stock. The shares were sold at an average price of $24.35, for a total value of $39,227.85.

NASDAQ LMNR traded down $0.28 during trading hours on Thursday, hitting $20.29. 61,601 shares of the company’s stock were exchanged, compared to its average volume of 69,718. Limoneira has a 12-month low of $18.07 and a 12-month high of $33.42. The company has a market capitalization of $378.56 million, a PE ratio of 40.58, a price-to-earnings-growth ratio of 1.84 and a beta of 0.96. The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44.

Limoneira (NASDAQ:LMNR) last released its earnings results on Tuesday, March 12th. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.05). Limoneira had a return on equity of 3.73% and a net margin of 4.91%. The business had revenue of $42.02 million for the quarter, compared to analysts’ expectations of $44.74 million. Equities analysts predict that Limoneira will post 0.77 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, April 8th were given a dividend of $0.075 per share. The ex-dividend date was Friday, April 5th. This represents a $0.30 annualized dividend and a yield of 1.48%. Limoneira’s dividend payout ratio (DPR) is presently 60.00%.

A number of analysts recently commented on the company. ValuEngine raised Limoneira from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. BidaskClub lowered Limoneira from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 19th. Zacks Investment Research raised Limoneira from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Stephens downgraded Limoneira from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $25.00 to $18.00 in a research report on Tuesday. Finally, Lake Street Capital set a $28.00 target price on Limoneira and gave the stock a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Limoneira currently has a consensus rating of “Hold” and a consensus target price of $27.20.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LMNR. BNP Paribas Arbitrage SA lifted its position in Limoneira by 757.1% during the first quarter. BNP Paribas Arbitrage SA now owns 3,094 shares of the company’s stock worth $73,000 after buying an additional 2,733 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in Limoneira by 369.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,424 shares of the company’s stock worth $86,000 after buying an additional 3,481 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Limoneira during the fourth quarter worth about $123,000. Citigroup Inc. lifted its position in Limoneira by 149.1% during the fourth quarter. Citigroup Inc. now owns 10,200 shares of the company’s stock worth $199,000 after buying an additional 6,105 shares during the period. Finally, Stephens Inc. AR raised its holdings in shares of Limoneira by 2,988.0% in the 4th quarter. Stephens Inc. AR now owns 12,352 shares of the company’s stock worth $241,000 after purchasing an additional 11,952 shares during the period. Hedge funds and other institutional investors own 50.78% of the company’s stock.

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Limoneira Company Profile

Limoneira Co is an agribusiness and real estate development company, which engages in the innovation of agricultural citrus industry in California. It operates through the following three divisions: Agribusiness, Rental Operations and Real Estate Development. The Agribusiness division comprised of lemon operations and other agribusiness segments include farming, harvesting, lemon packing, and lemon sales operations.

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