Limoneira (NASDAQ:LMNR) CFO Sells 1,000 Shares

Limoneira Co (NASDAQ:LMNR) CFO Gregory Hamm sold 1,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $12.99, for a total transaction of $12,990.00. Following the sale, the chief financial officer directly owned 86,812 shares of the company’s stock, valued at $1,127,687.88. This represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limoneira Trading Up 2.0%

Shares of LMNR traded up $0.27 during midday trading on Tuesday, hitting $14.03. The stock had a trading volume of 15,238 shares, compared to its average volume of 82,774. The business has a 50-day simple moving average of $13.18 and a two-hundred day simple moving average of $13.39. The firm has a market cap of $254.36 million, a P/E ratio of -6.15 and a beta of 0.30. The company has a current ratio of 1.68, a quick ratio of 1.53 and a debt-to-equity ratio of 0.61. Limoneira Co has a fifty-two week low of $11.66 and a fifty-two week high of $16.62.

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

Institutional Trading of Limoneira

A number of institutional investors have recently added to or reduced their stakes in the business. First Wilshire Securities Management Inc. lifted its stake in shares of Limoneira by 122.2% in the 1st quarter. First Wilshire Securities Management Inc. now owns 578,059 shares of the company’s stock valued at $7,758,000 after purchasing an additional 317,872 shares during the last quarter. Peapod Lane Capital LLC boosted its holdings 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 in the last quarter. Flax Pond Capital LLC acquired a new position in Limoneira during the fourth quarter worth $2,145,000. Marquette Asset Management LLC acquired a new position in Limoneira during the second quarter worth $608,000. Finally, Beartown Capital Management LLC bought a new position in Limoneira during the fourth quarter valued at about $163,000. 64.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LMNR. Weiss Ratings reiterated a “sell (d)” rating on shares of Limoneira in a report on Wednesday, June 24th. HC Wainwright cut Limoneira to a “buy” rating in a research note on Wednesday, June 10th. Finally, Lake Street Capital reduced 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. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $18.00.

Limoneira Company 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.