Limoneira (NASDAQ:LMNR) Director Jose De Jesus Loza Acquires 2,617 Shares of Stock

Limoneira (NASDAQ:LMNR) Director Jose De Jesus Loza bought 2,617 shares of the stock in a transaction on Thursday, September 16th. The stock was purchased at an average price of $15.18 per share, for a total transaction of $39,726.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jose De Jesus Loza also recently made the following trade(s):

  • On Monday, September 13th, Jose De Jesus Loza acquired 5,708 shares of Limoneira stock. The shares were bought at an average price of $15.35 per share, for a total transaction of $87,617.80.
  • On Friday, September 10th, Jose De Jesus Loza acquired 3,222 shares of Limoneira stock. The shares were bought at an average price of $15.60 per share, for a total transaction of $50,263.20.
  • On Tuesday, July 13th, Jose De Jesus Loza acquired 966 shares of Limoneira stock. The shares were bought at an average price of $17.38 per share, for a total transaction of $16,789.08.

Shares of Limoneira stock opened at $15.35 on Tuesday. The firm has a market cap of $271.46 million, a PE ratio of -40.39 and a beta of 1.01. Limoneira has a 12-month low of $13.33 and a 12-month high of $20.74. The company has a quick ratio of 0.95, a current ratio of 1.12 and a debt-to-equity ratio of 0.63. The company’s fifty day simple moving average is $16.92 and its two-hundred day simple moving average is $17.67.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings results on Tuesday, September 7th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Limoneira had a negative net margin of 3.70% and a negative return on equity of 3.09%. The business had revenue of $49.13 million for the quarter, compared to analyst estimates of $48.76 million. During the same quarter last year, the firm earned $0.10 EPS. As a group, sell-side analysts expect that Limoneira will post -0.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 16th. Stockholders of record on Tuesday, July 6th were given a $0.075 dividend. The ex-dividend date was Friday, July 2nd. This represents a $0.30 annualized dividend and a dividend yield of 1.95%. Limoneira’s dividend payout ratio is -43.48%.

Several large investors have recently bought and sold shares of the company. Global Alpha Capital Management Ltd. lifted its position in shares of Limoneira by 0.4% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 1,924,065 shares of the company’s stock worth $33,767,000 after purchasing an additional 7,569 shares during the period. Vanguard Group Inc. lifted its position in shares of Limoneira by 16.1% in the 2nd quarter. Vanguard Group Inc. now owns 803,192 shares of the company’s stock worth $14,096,000 after purchasing an additional 111,145 shares during the period. Stephens Investment Management Group LLC lifted its position in shares of Limoneira by 60.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 759,700 shares of the company’s stock worth $13,295,000 after purchasing an additional 284,789 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Limoneira by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 614,476 shares of the company’s stock worth $10,784,000 after purchasing an additional 7,711 shares during the period. Finally, First Wilshire Securities Management Inc. lifted its position in shares of Limoneira by 22.6% in the 1st quarter. First Wilshire Securities Management Inc. now owns 432,266 shares of the company’s stock worth $7,565,000 after purchasing an additional 79,803 shares during the period. 50.28% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on LMNR shares. Lake Street Capital restated a “buy” rating and set a $23.00 price objective on shares of Limoneira in a research report on Thursday, September 9th. Zacks Investment Research raised shares of Limoneira from a “sell” rating to a “hold” rating in a report on Tuesday, September 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $24.60.

About Limoneira

Limoneira Co is an agribusiness and real estate development company, which engages in the innovation of agricultural citrus industry in California. It operates through the following three divisions: Agribusiness, Rental Operations, and Real Estate Development. The Agribusiness division is comprised of three operating segments: fresh lemons, lemon packing and other agribusiness, which includes avocados, oranges, specialty citrus and other crops.

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