Wedbush Securities Inc. bought a new stake in shares of Limoneira Co (NASDAQ:LMNR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,807 shares of the company’s stock, valued at approximately $279,000. Wedbush Securities Inc. owned 0.08% of Limoneira at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in LMNR. American International Group Inc. raised its stake in Limoneira by 7.0% in the first quarter. American International Group Inc. now owns 7,214 shares of the company’s stock valued at $151,000 after buying an additional 471 shares during the last quarter. Wells Fargo & Company MN raised its stake in Limoneira by 5.2% in the first quarter. Wells Fargo & Company MN now owns 8,336 shares of the company’s stock valued at $175,000 after buying an additional 410 shares during the last quarter. Algert Global LLC acquired a new stake in Limoneira during the second quarter valued at $276,000. Rhumbline Advisers raised its stake in Limoneira by 4.1% in the second quarter. Rhumbline Advisers now owns 13,838 shares of the company’s stock valued at $327,000 after buying an additional 545 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in Limoneira during the second quarter valued at $354,000. Hedge funds and other institutional investors own 26.19% of the company’s stock.
Shares of Limoneira Co (NASDAQ:LMNR) opened at 21.13 on Friday. Limoneira Co has a 1-year low of $16.26 and a 1-year high of $24.00. The company has a market cap of $304.38 million, a price-to-earnings ratio of 26.15 and a beta of 0.89. The firm’s 50-day moving average is $22.29 and its 200 day moving average is $20.23.
Limoneira (NASDAQ:LMNR) last issued its earnings results on Thursday, June 8th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. The firm had revenue of $36.89 million during the quarter, compared to analysts’ expectations of $33.31 million. Limoneira had a return on equity of 9.09% and a net margin of 9.82%. Limoneira’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same period last year, the business earned $0.08 earnings per share. Equities analysts expect that Limoneira Co will post $0.55 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: This piece was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://stocknewstimes.com/2017/08/20/wedbush-securities-inc-invests-279000-in-limoneira-co-lmnr.html.
Several research firms have weighed in on LMNR. Zacks Investment Research lowered shares of Limoneira from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Roth Capital reiterated a “buy” rating and set a $26.50 target price on shares of Limoneira in a research note on Wednesday, June 7th. Finally, BidaskClub lowered shares of Limoneira from a “hold” rating to a “sell” rating in a research note on Saturday.
In other Limoneira news, Director Elizabeth Blanchard Chess sold 3,506 shares of Limoneira stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $23.43, for a total transaction of $82,145.58. Following the completion of the transaction, the director now directly owns 1,616 shares of the company’s stock, valued at $37,862.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $30,000.00. Following the transaction, the director now directly owns 9,686 shares of the company’s stock, valued at $193,720. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,006 shares of company stock valued at $181,356. 5.70% of the stock is owned by company insiders.
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.
Receive News & Ratings for Limoneira Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limoneira Co and related companies with MarketBeat.com's FREE daily email newsletter.
