Limoneira (NASDAQ:LMNR) CFO Sells $10,710.00 in Stock

Limoneira Co (NASDAQ:LMNR) CFO Gregory Hamm sold 1,000 shares of Limoneira stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $10.71, for a total value of $10,710.00. Following the completion of the transaction, the chief financial officer directly owned 83,812 shares in the company, valued at $897,626.52. This represents a 1.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limoneira Trading Down 1.0%

Shares of LMNR opened at $10.41 on Friday. The business’s 50-day moving average price is $12.27 and its 200 day moving average price is $13.14. 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 stock has a market capitalization of $188.73 million, a P/E ratio of -4.36 and a beta of 0.36. Limoneira Co has a 1-year low of $10.05 and a 1-year high of $15.43.

Limoneira (NASDAQ:LMNR) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.17). Limoneira had a negative net margin of 33.03% and a negative return on equity of 13.91%. The firm had revenue of $43.81 million for the quarter, compared to analysts’ expectations of $49.62 million. Analysts expect that Limoneira Co will post -0.73 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Lake Street Capital decreased their price objective on shares of Limoneira from $18.00 to $16.50 and set a “buy” rating for the company in a research note on Thursday, September 10th. Wall Street Zen raised shares of Limoneira from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 5th. Freedom Broker assumed coverage on Limoneira in a report on Wednesday. They issued a “strong-buy” rating for the company. Zacks Research lowered Limoneira from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Finally, Weiss Ratings cut Limoneira from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.50.

Institutional Trading of Limoneira

A number of institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its position in Limoneira by 5.5% during the first quarter. Bank of America Corp DE now owns 16,559 shares of the company’s stock valued at $222,000 after acquiring an additional 859 shares in the last quarter. Flax Pond Capital LLC lifted its stake in 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 acquiring an additional 1,224 shares during the last quarter. Leonteq Securities AG lifted its stake in Limoneira by 88.8% in the first quarter. Leonteq Securities AG now owns 3,386 shares of the company’s stock valued at $45,000 after acquiring an additional 1,593 shares during the last quarter. Trust Co. of Vermont acquired a new stake in Limoneira in the second quarter valued at approximately $33,000. Finally, Whittier Trust Co. grew its position in Limoneira by 16.0% in the first quarter. Whittier Trust Co. now owns 18,980 shares of the company’s stock worth $249,000 after acquiring an additional 2,612 shares in the last quarter. Institutional investors and hedge funds own 64.35% of the company’s stock.

About Limoneira

Limoneira Company is an agribusiness and real estate development company headquartered in Santa Paula, California. Founded in 1893, the company is one of the oldest and largest lemon producers in the United States and owns or manages agricultural land primarily in California and Arizona.

Limoneira grows, packs, markets and distributes lemons, avocados, oranges and other specialty citrus products. Its operations include orchard management, harvesting, packing and fresh-produce marketing, with products sold through retailers, foodservice providers and other commercial customers in the United States and international markets.

In addition to its agricultural activities, Limoneira owns land and pursues real estate development projects connected to its properties.