Flax Pond Capital LLC Makes New $2.15 Million Investment in Limoneira Co $LMNR

Flax Pond Capital LLC acquired a new position in Limoneira Co (NASDAQ:LMNR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 169,908 shares of the company’s stock, valued at approximately $2,145,000.

Other institutional investors also recently modified their holdings of the company. Teton Advisors LLC bought a new stake in shares of Limoneira during the third quarter valued at approximately $1,745,000. Peapod Lane Capital LLC lifted its position in Limoneira by 44.5% in the fourth quarter. Peapod Lane Capital LLC now owns 208,547 shares of the company’s stock worth $2,633,000 after purchasing an additional 64,178 shares during the period. Qube Research & Technologies Ltd lifted its position in Limoneira by 515.4% in the second quarter. Qube Research & Technologies Ltd now owns 74,124 shares of the company’s stock worth $1,160,000 after purchasing an additional 62,080 shares during the period. JPMorgan Chase & Co. boosted its stake in Limoneira by 248.7% during the second quarter. JPMorgan Chase & Co. now owns 44,238 shares of the company’s stock worth $692,000 after buying an additional 31,552 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Limoneira by 14.1% during the third quarter. Gamco Investors INC. ET AL now owns 253,200 shares of the company’s stock worth $3,760,000 after buying an additional 31,200 shares in the last quarter. Institutional investors and hedge funds own 64.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LMNR. HC Wainwright cut shares of Limoneira to a “buy” rating in a research note on Wednesday, June 10th. Zacks Research upgraded shares of Limoneira from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Lake Street Capital dropped their price target on shares of Limoneira from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, June 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Limoneira in a research note on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Limoneira has a consensus rating of “Hold” and a consensus target price of $18.00.

Limoneira Stock Performance

Shares of Limoneira stock opened at $13.07 on Friday. The stock has a market capitalization of $236.99 million, a P/E ratio of -5.73 and a beta of 0.30. The company has a quick ratio of 1.53, a current ratio of 1.68 and a debt-to-equity ratio of 0.61. The company has a 50-day simple moving average of $12.84 and a 200 day simple moving average of $13.50. Limoneira Co has a 12-month low of $11.66 and a 12-month high of $16.99.

Limoneira (NASDAQ:LMNR) last released its quarterly earnings results on Tuesday, June 9th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.08). The firm had revenue of $23.93 million during the quarter, compared to analyst estimates of $21.42 million. Limoneira had a negative net margin of 30.50% and a negative return on equity of 13.94%. Research analysts expect that Limoneira Co will post -0.47 earnings per share for the current fiscal year.

Limoneira Profile

Limoneira Company (NASDAQ: LMNR), founded in 1893 and based in Santa Paula, California, is a diversified agribusiness and real estate enterprise. As one of the oldest citrus producers in the United States, Limoneira has built a reputation for cultivating and marketing high-quality citrus fruits, avocados and specialty crops. The company’s vertically integrated model encompasses farming, packing, processing and marketing activities designed to deliver fresh produce to domestic and international markets.

In its agricultural operations, Limoneira specializes in lemons, oranges and avocados, employing modern irrigation, harvesting and packing technologies to maintain consistent product quality and supply.