Limoneira (NASDAQ:LMNR) CFO Gregory Hamm Sells 1,000 Shares

Limoneira Co (NASDAQ:LMNR) CFO Gregory Hamm sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $12.99, for a total value of $12,990.00. Following the completion of the transaction, the chief financial officer directly owned 86,812 shares in the company, valued at $1,127,687.88. The trade was a 1.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Limoneira Stock Performance

Limoneira stock traded up $0.27 during trading hours on Tuesday, reaching $14.03. 15,238 shares of the company were exchanged, compared to its average volume of 82,774. The firm has a market cap of $254.36 million, a price-to-earnings ratio of -6.15 and a beta of 0.30. 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 moving average of $13.18 and a 200 day moving average of $13.39. Limoneira Co has a 12 month low of $11.66 and a 12 month high of $16.62.

Limoneira (NASDAQ:LMNR) last released 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 net margin of 30.50% and a negative return on equity of 13.94%. The firm had revenue of $23.93 million during the quarter, compared to the consensus estimate of $21.42 million. As a group, research analysts anticipate that Limoneira Co will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On Limoneira

Several hedge funds have recently made changes to their positions in LMNR. BlackRock Inc. acquired a new stake in Limoneira during the second quarter worth about $15,065,000. First Wilshire Securities Management Inc. raised its holdings in Limoneira by 122.2% in the 1st quarter. First Wilshire Securities Management Inc. now owns 578,059 shares of the company’s stock valued at $7,758,000 after acquiring an additional 317,872 shares in the last quarter. Geode Capital Management LLC raised its holdings in Limoneira by 5.6% in the 2nd 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. Gamco Investors INC. ET AL increased its holdings in Limoneira by 7.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 293,200 shares of the company’s stock valued at $3,935,000 after buying an additional 21,000 shares during the period. Finally, Riverwater Partners LLC increased its holdings 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 period. Institutional investors own 64.35% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Limoneira in a report on Wednesday, June 24th. HC Wainwright downgraded Limoneira to a “buy” rating in a research report on Wednesday, June 10th. Finally, Lake Street Capital dropped their price objective on Limoneira from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, June 10th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Limoneira has an average rating of “Hold” and a consensus price target of $18.00.

About Limoneira

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.