American International Group Inc. raised its position in Limoneira Co (NASDAQ:LMNR) by 7.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,214 shares of the company’s stock after buying an additional 471 shares during the period. American International Group Inc. owned approximately 0.05% of Limoneira worth $151,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. State of New Jersey Common Pension Fund D boosted its stake in shares of Limoneira by 5.4% in the first quarter. State of New Jersey Common Pension Fund D now owns 216,000 shares of the company’s stock worth $4,517,000 after buying an additional 11,000 shares in the last quarter. State Street Corp boosted its stake in shares of Limoneira by 5.6% in the fourth quarter. State Street Corp now owns 165,700 shares of the company’s stock worth $3,563,000 after buying an additional 8,811 shares in the last quarter. Teton Advisors Inc. boosted its stake in shares of Limoneira by 21.8% in the first quarter. Teton Advisors Inc. now owns 136,590 shares of the company’s stock worth $2,856,000 after buying an additional 24,470 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Limoneira by 362.4% in the fourth quarter. Renaissance Technologies LLC now owns 136,400 shares of the company’s stock worth $2,934,000 after buying an additional 106,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Limoneira by 59.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 113,628 shares of the company’s stock worth $2,444,000 after buying an additional 42,500 shares in the last quarter. Hedge funds and other institutional investors own 25.63% of the company’s stock.
Shares of Limoneira Co (NASDAQ LMNR) opened at 22.14 on Friday. The company has a 50-day moving average of $22.45 and a 200-day moving average of $19.87. Limoneira Co has a one year low of $15.87 and a one year high of $24.00. The company has a market capitalization of $318.93 million, a PE ratio of 27.40 and a beta of 0.89.
Limoneira (NASDAQ:LMNR) last issued its quarterly earnings results on Thursday, June 8th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. Limoneira had a net margin of 9.82% and a return on equity of 9.09%. The firm had revenue of $36.89 million for the quarter, compared to analyst estimates of $33.31 million. During the same period in the previous year, the business earned $0.08 EPS. The company’s revenue was up 34.8% compared to the same quarter last year. On average, analysts anticipate that Limoneira Co will post $0.55 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Shareholders of record on Monday, July 10th were paid a $0.055 dividend. This is a positive change from Limoneira’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 0.99%. The ex-dividend date was Thursday, July 6th. Limoneira’s payout ratio is presently 28.21%.
A number of equities research analysts recently issued reports on LMNR shares. Zacks Investment Research upgraded shares of Limoneira from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, June 27th. Roth Capital reiterated a “buy” rating and issued a $26.50 price objective on shares of Limoneira in a report on Wednesday, June 7th.
In other Limoneira news, Director Elizabeth Blanchard Chess sold 3,506 shares of Limoneira stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $23.43, for a total value of $82,145.58. Following the sale, the director now directly owns 1,616 shares in the company, valued at approximately $37,862.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald L. Michaelis sold 1,500 shares of Limoneira stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $20.00, for a total transaction of $30,000.00. Following the completion of the sale, the director now owns 9,686 shares in the company, valued at $193,720. The disclosure for this sale can be found here. Insiders sold a total of 8,006 shares of company stock worth $181,356 over the last quarter. Company insiders own 5.70% of the company’s stock.
Limoneira Company Profile
Limoneira Company is engaged in agribusiness and real estate development. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s segments include lemon operations, other agribusiness, rental operations and real estate development.
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