First Wilshire Securities Management Inc. Has $7.76 Million Position in Limoneira Co $LMNR

First Wilshire Securities Management Inc. lifted its holdings in shares of Limoneira Co (NASDAQ:LMNR) by 122.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 578,059 shares of the company’s stock after acquiring an additional 317,872 shares during the quarter. Limoneira makes up about 1.7% of First Wilshire Securities Management Inc.’s portfolio, making the stock its 19th biggest holding. First Wilshire Securities Management Inc.’s holdings in Limoneira were worth $7,758,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LMNR. Geode Capital Management LLC raised its position in shares of Limoneira by 5.6% in the second quarter. Geode Capital Management LLC now owns 397,720 shares of the company’s stock valued at $6,226,000 after purchasing an additional 20,913 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Limoneira by 7.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 272,200 shares of the company’s stock worth $3,437,000 after buying an additional 19,000 shares during the period. Riverwater Partners LLC grew its stake in Limoneira by 7.1% in the 4th quarter. Riverwater Partners LLC now owns 261,428 shares of the company’s stock valued at $3,301,000 after buying an additional 17,422 shares during the last quarter. Peapod Lane Capital LLC grew its stake in Limoneira by 44.5% in the 4th quarter. Peapod Lane Capital LLC now owns 208,547 shares of the company’s stock valued at $2,633,000 after buying an additional 64,178 shares during the last quarter. Finally, Flax Pond Capital LLC acquired a new position in Limoneira in the 4th quarter valued at about $2,145,000. 64.35% of the stock is currently owned by institutional investors and hedge funds.

Limoneira Trading Down 1.3%

Shares of LMNR stock opened at $13.11 on Wednesday. The stock has a market cap of $237.68 million, a P/E ratio of -5.75 and a beta of 0.30. Limoneira Co has a 1 year low of $11.66 and a 1 year high of $16.62. The company has a current ratio of 1.68, a quick ratio of 1.53 and a debt-to-equity ratio of 0.61. The stock has a 50 day simple moving average of $13.04 and a 200 day simple moving average of $13.40.

Limoneira (NASDAQ:LMNR) last issued its quarterly earnings results on Tuesday, June 9th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.08). Limoneira had a negative return on equity of 13.94% and a negative net margin of 30.50%.The company had revenue of $23.93 million during the quarter, compared to the consensus estimate of $21.42 million. On average, research analysts predict that Limoneira Co will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LMNR shares. Weiss Ratings restated a “sell (d)” rating on shares of Limoneira in a research report on Wednesday, June 24th. Lake Street Capital lowered their target price on Limoneira from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, June 10th. Finally, HC Wainwright cut Limoneira to a “buy” rating in a report on Wednesday, June 10th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $18.00.

Limoneira 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.