Limoneira (LMNR) CFO Sells $10,160.00 in Stock

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.

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About Limoneira

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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Insider Buying and Selling by Quarter for Limoneira (NASDAQ:LMNR)

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