Limoneira (NASDAQ:LMNR) CFO Mark Palamountain sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $20.32, for a total transaction of $10,160.00. Following the sale, the chief financial officer now owns 48,698 shares in the company, valued at approximately $989,543.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Mark Palamountain also recently made the following trade(s):
- On Monday, April 15th, Mark Palamountain sold 500 shares of Limoneira stock. The shares were sold at an average price of $23.72, for a total transaction of $11,860.00.
- On Thursday, March 14th, Mark Palamountain sold 1,611 shares of Limoneira stock. The shares were sold at an average price of $24.35, for a total transaction of $39,227.85.
Limoneira stock traded down $0.71 during trading hours on Friday, hitting $19.58. The company had a trading volume of 35,759 shares, compared to its average volume of 69,409. The firm has a market cap of $348.00 million, a PE ratio of 39.16, a P/E/G ratio of 2.29 and a beta of 0.96. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.38. Limoneira has a fifty-two week low of $18.07 and a fifty-two week high of $33.42.
Limoneira (NASDAQ:LMNR) last posted its earnings results on Tuesday, March 12th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.05). The business had revenue of $42.02 million during the quarter, compared to the consensus estimate of $44.74 million. Limoneira had a return on equity of 3.73% and a net margin of 4.91%. Equities analysts anticipate that Limoneira will post 0.6 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, April 8th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.53%. The ex-dividend date was Friday, April 5th. Limoneira’s dividend payout ratio is 60.00%.
LMNR has been the topic of several research reports. ValuEngine upgraded shares of Limoneira from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. BidaskClub lowered shares of Limoneira from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 19th. Zacks Investment Research upgraded shares of Limoneira from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Lake Street Capital set a $28.00 price objective on shares of Limoneira and gave the company a “buy” rating in a research note on Tuesday. Finally, Stephens lowered shares of Limoneira from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $25.00 to $18.00 in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $27.20.
Hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA grew its position in Limoneira by 757.1% in the first quarter. BNP Paribas Arbitrage SA now owns 3,094 shares of the company’s stock worth $73,000 after acquiring an additional 2,733 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its position in Limoneira by 369.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,424 shares of the company’s stock worth $86,000 after acquiring an additional 3,481 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Limoneira in the fourth quarter worth approximately $123,000. MetLife Investment Advisors LLC grew its position in Limoneira by 56.1% in the third quarter. MetLife Investment Advisors LLC now owns 9,690 shares of the company’s stock worth $253,000 after acquiring an additional 3,481 shares in the last quarter. Finally, Citigroup Inc. grew its position in Limoneira by 149.1% in the fourth quarter. Citigroup Inc. now owns 10,200 shares of the company’s stock worth $199,000 after acquiring an additional 6,105 shares in the last quarter. 50.78% of the stock is owned by institutional investors.
Limoneira Co is an agribusiness and real estate development company, which engages in the innovation of agricultural citrus industry in California. It operates through the following three divisions: Agribusiness, Rental Operations and Real Estate Development. The Agribusiness division comprised of lemon operations and other agribusiness segments include farming, harvesting, lemon packing, and lemon sales operations.
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