White Pine Capital LLC Sells 47,177 Shares of Limoneira Co $LMNR

White Pine Capital LLC trimmed its position in Limoneira Co (NASDAQ:LMNR) by 41.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 66,493 shares of the company’s stock after selling 47,177 shares during the period. White Pine Capital LLC owned 0.37% of Limoneira worth $1,041,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Byrne Asset Management LLC increased its holdings in Limoneira by 33.1% in the 2nd quarter. Byrne Asset Management LLC now owns 5,151 shares of the company’s stock worth $81,000 after purchasing an additional 1,282 shares in the last quarter. Caption Management LLC bought a new stake in shares of Limoneira during the first quarter worth about $123,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Limoneira in the first quarter valued at approximately $256,000. Jane Street Group LLC bought a new position in Limoneira in the 1st quarter valued at approximately $335,000. Finally, Inspire Investing LLC boosted its position in Limoneira by 19.2% during the 1st quarter. Inspire Investing LLC now owns 19,411 shares of the company’s stock worth $344,000 after buying an additional 3,132 shares during the period. Institutional investors and hedge funds own 64.35% of the company’s stock.

Wall Street Analyst Weigh In

LMNR has been the subject of several recent research reports. Roth Capital restated a “buy” rating on shares of Limoneira in a research report on Monday, September 15th. Weiss Ratings restated a “sell (d)” rating on shares of Limoneira in a report on Friday, October 31st. Zacks Research raised Limoneira from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Stephens started coverage on Limoneira in a research report on Friday, September 12th. They issued an “equal weight” rating and a $18.00 price target on the stock. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.50.

Limoneira Price Performance

LMNR stock opened at $12.75 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.80 and a debt-to-equity ratio of 0.35. The firm has a market cap of $230.11 million, a price-to-earnings ratio of -23.18 and a beta of 0.42. The company’s fifty day simple moving average is $14.47 and its 200 day simple moving average is $15.20. Limoneira Co has a 12-month low of $12.73 and a 12-month high of $28.41.

Limoneira Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, October 6th were given a dividend of $0.075 per share. The ex-dividend date was Monday, October 6th. This represents a $0.30 annualized dividend and a dividend yield of 2.4%. Limoneira’s dividend payout ratio is presently -54.55%.

Limoneira Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.