Robert M. Sawyer Sells 1,200 Shares of Limoneira (NASDAQ:LMNR) Stock

Limoneira (NASDAQ:LMNR) Director Robert M. Sawyer sold 1,200 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $19.93, for a total value of $23,916.00. Following the transaction, the director now directly owns 300 shares in the company, valued at approximately $5,979. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of LMNR opened at $20.67 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.48. Limoneira has a 12-month low of $17.05 and a 12-month high of $25.65. The stock’s fifty day simple moving average is $19.64 and its 200-day simple moving average is $19.12.

Limoneira (NASDAQ:LMNR) last issued its quarterly earnings results on Monday, January 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.24). Limoneira had a negative return on equity of 3.43% and a negative net margin of 3.47%. The business had revenue of $36.48 million for the quarter, compared to analyst estimates of $24.78 million. As a group, sell-side analysts predict that Limoneira will post 0.39 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.45%. The ex-dividend date was Friday, December 27th. Limoneira’s payout ratio is -66.67%.

A number of large investors have recently added to or reduced their stakes in LMNR. Bank of Montreal Can lifted its stake in Limoneira by 132,800.0% in the second quarter. Bank of Montreal Can now owns 1,329 shares of the company’s stock valued at $27,000 after buying an additional 1,328 shares during the period. JPMorgan Chase & Co. lifted its stake in Limoneira by 18.4% in the second quarter. JPMorgan Chase & Co. now owns 4,296 shares of the company’s stock valued at $83,000 after buying an additional 668 shares during the period. Metropolitan Life Insurance Co NY lifted its stake in Limoneira by 17.3% in the third quarter. Metropolitan Life Insurance Co NY now owns 5,188 shares of the company’s stock valued at $95,000 after buying an additional 764 shares during the period. California Public Employees Retirement System lifted its stake in Limoneira by 13.8% in the third quarter. California Public Employees Retirement System now owns 22,200 shares of the company’s stock valued at $408,000 after buying an additional 2,700 shares during the period. Finally, Rhumbline Advisers lifted its stake in Limoneira by 10.2% in the third quarter. Rhumbline Advisers now owns 22,678 shares of the company’s stock valued at $416,000 after buying an additional 2,104 shares during the period. 54.95% of the stock is currently owned by hedge funds and other institutional investors.

LMNR has been the topic of several research reports. ValuEngine raised Limoneira from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 24th. National Securities reaffirmed a “buy” rating and set a $30.00 price target on shares of Limoneira in a research note on Tuesday, January 14th. BidaskClub lowered Limoneira from a “buy” rating to a “hold” rating in a research note on Saturday, December 21st. Finally, Zacks Investment Research lowered Limoneira from a “hold” rating to a “strong sell” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $23.75.

About Limoneira

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons.

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

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