White Pine Capital LLC Has $1.04 Million Position in Limoneira Co $LMNR

White Pine Capital LLC trimmed its stake in Limoneira Co (NASDAQ:LMNR) by 41.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,493 shares of the company’s stock after selling 47,177 shares during the quarter. White Pine Capital LLC’s holdings in Limoneira were worth $1,041,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Limoneira in the 1st quarter valued at about $4,487,000. Peapod Lane Capital LLC bought a new position in Limoneira in the second quarter worth approximately $1,927,000. Nuveen LLC acquired a new stake in Limoneira in the first quarter valued at approximately $1,028,000. JPMorgan Chase & Co. increased its holdings in shares of Limoneira by 248.7% during the second quarter. JPMorgan Chase & Co. now owns 44,238 shares of the company’s stock valued at $692,000 after acquiring an additional 31,552 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Limoneira by 5.6% during the second quarter. Geode Capital Management LLC now owns 397,720 shares of the company’s stock valued at $6,226,000 after acquiring an additional 20,913 shares in the last quarter. 64.35% of the stock is owned by institutional investors.

Limoneira Price Performance

Shares of NASDAQ:LMNR opened at $12.75 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.66 and a debt-to-equity ratio of 0.35. The stock has a market cap of $230.11 million, a PE ratio of -23.18 and a beta of 0.42. The stock’s fifty day simple moving average is $14.47 and its two-hundred day simple moving average is $15.20. Limoneira Co has a 1-year low of $12.73 and a 1-year high of $28.41.

Limoneira Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, October 6th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, October 6th. Limoneira’s dividend payout ratio (DPR) is presently -54.55%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LMNR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Limoneira in a report on Friday, October 31st. Roth Capital reaffirmed a “buy” rating on shares of Limoneira in a research note on Monday, September 15th. Zacks Research upgraded shares of Limoneira from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Stephens started coverage on shares of Limoneira in a report on Friday, September 12th. They issued an “equal weight” rating and a $18.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $20.50.

Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.