Limoneira (NASDAQ:LMNR) CFO Sells $11,900.00 in Stock

Limoneira Co (NASDAQ:LMNR) CFO Gregory Hamm sold 1,000 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $11.90, for a total transaction of $11,900.00. Following the completion of the sale, the chief financial officer owned 84,812 shares of the company’s stock, valued at $1,009,262.80. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limoneira Price Performance

NASDAQ LMNR opened at $11.99 on Monday. Limoneira Co has a 1 year low of $11.66 and a 1 year high of $15.43. The company has a fifty day simple moving average of $13.44 and a 200 day simple moving average of $13.19. The company has a current ratio of 1.51, a quick ratio of 1.44 and a debt-to-equity ratio of 0.67. The company has a market cap of $217.38 million, a P/E ratio of -5.02 and a beta of 0.34.

Limoneira (NASDAQ:LMNR) last announced its earnings results on Wednesday, September 9th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.17). Limoneira had a negative return on equity of 13.91% and a negative net margin of 33.03%.The firm had revenue of $43.81 million during the quarter, compared to the consensus estimate of $49.62 million. On average, sell-side analysts predict that Limoneira Co will post -0.73 EPS for the current year.

Wall Street Analyst Weigh In

LMNR has been the topic of a number of research analyst reports. Wall Street Zen raised Limoneira from a “strong sell” rating to a “sell” rating in a report on Saturday, September 5th. Lake Street Capital reduced their price objective on Limoneira from $18.00 to $16.50 and set a “buy” rating for the company in a research report on Thursday, September 10th. HC Wainwright downgraded shares of Limoneira to a “buy” rating in a research note on Wednesday, June 10th. Finally, Weiss Ratings lowered shares of Limoneira from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, September 24th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.50.

Institutional Investors Weigh In On Limoneira

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Limoneira in the 2nd quarter valued at approximately $15,065,000. First Wilshire Securities Management Inc. grew its holdings in shares of Limoneira by 122.2% during the 1st quarter. First Wilshire Securities Management Inc. now owns 578,059 shares of the company’s stock worth $7,758,000 after purchasing an additional 317,872 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Limoneira by 7.7% during the first quarter. Gamco Investors INC. ET AL now owns 293,200 shares of the company’s stock valued at $3,935,000 after purchasing an additional 21,000 shares during the period. Riverwater Partners LLC increased its position in shares of Limoneira by 7.1% during the fourth quarter. Riverwater Partners LLC now owns 261,428 shares of the company’s stock valued at $3,301,000 after purchasing an additional 17,422 shares during the period. Finally, Flax Pond Capital LLC raised its stake in shares of Limoneira by 0.7% in the first quarter. Flax Pond Capital LLC now owns 171,132 shares of the company’s stock valued at $2,297,000 after purchasing an additional 1,224 shares in the last quarter. 64.35% of the stock is owned by institutional investors and hedge funds.

Limoneira Company Profile

Limoneira Company (NASDAQ: LMNR) is an agribusiness headquartered in Santa Paula, California. Founded in 1893, the company is one of the oldest continuously operating citrus businesses in the United States and owns, leases, and manages agricultural land used primarily for citrus and avocado production.

The company’s principal products include lemons, avocados, oranges, and other specialty citrus varieties. Limoneira also operates packing and marketing activities, helping prepare and distribute fresh produce for retail, foodservice, wholesale, and industrial customers.