Limoneira Co (NASDAQ:LMNR) Short Interest Update

Limoneira Co (NASDAQ:LMNR) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 388,004 shares, a decrease of 15.7% from the March 15th total of 460,111 shares. Based on an average trading volume of 122,111 shares, the short-interest ratio is currently 3.2 days. Currently, 2.4% of the company’s stock are sold short.

Institutional Trading of Limoneira

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its position in Limoneira by 64.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,699 shares of the company’s stock valued at $27,000 after acquiring an additional 668 shares in the last quarter. CWM LLC lifted its position in Limoneira by 144.3% in the 3rd quarter. CWM LLC now owns 2,450 shares of the company’s stock valued at $36,000 after acquiring an additional 1,447 shares in the last quarter. MetLife Investment Management LLC lifted its position in Limoneira by 45.0% in the 4th quarter. MetLife Investment Management LLC now owns 9,765 shares of the company’s stock valued at $123,000 after acquiring an additional 3,029 shares in the last quarter. EntryPoint Capital LLC bought a new position in Limoneira in the 4th quarter valued at approximately $150,000. Finally, Envestnet Asset Management Inc. bought a new position in Limoneira in the 3rd quarter valued at approximately $151,000. 64.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on LMNR. Weiss Ratings reiterated a “sell (d)” rating on shares of Limoneira in a report on Friday, March 27th. Lake Street Capital began coverage on Limoneira in a report on Wednesday, December 31st. They set a “buy” rating and a $19.00 target price on the stock. Finally, Zacks Research upgraded Limoneira from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.50.

Limoneira Stock Up 1.2%

Shares of LMNR traded up $0.16 during mid-day trading on Friday, reaching $13.15. The company had a trading volume of 67,087 shares, compared to its average volume of 91,871. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.16. The firm has a 50-day moving average price of $13.65 and a 200 day moving average price of $13.91. Limoneira has a 52 week low of $12.20 and a 52 week high of $17.19. The company has a market capitalization of $238.15 million, a price-to-earnings ratio of -10.27 and a beta of 0.38.

Limoneira (NASDAQ:LMNR) last issued its quarterly earnings results on Thursday, March 12th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.09). Limoneira had a negative return on equity of 12.19% and a negative net margin of 15.55%.The company had revenue of $18.21 million during the quarter, compared to the consensus estimate of $16.22 million.

Limoneira Company Profile

Limoneira Company (NASDAQ: LMNR), founded in 1893 and based in Santa Paula, California, is a diversified agribusiness and real estate enterprise. As one of the oldest citrus producers in the United States, Limoneira has built a reputation for cultivating and marketing high-quality citrus fruits, avocados and specialty crops. The company’s vertically integrated model encompasses farming, packing, processing and marketing activities designed to deliver fresh produce to domestic and international markets.

In its agricultural operations, Limoneira specializes in lemons, oranges and avocados, employing modern irrigation, harvesting and packing technologies to maintain consistent product quality and supply.