Limoneira (NASDAQ:LMNR) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Limoneira (NASDAQ:LMNR) from a sell rating to a hold rating in a report published on Friday morning.

Several other brokerages have also commented on LMNR. TheStreet lowered Limoneira from a b- rating to a c+ rating in a research note on Tuesday, January 30th. Roth Mkm lifted their target price on Limoneira from $17.00 to $23.00 and gave the company a buy rating in a research note on Tuesday, January 2nd.

Limoneira Stock Performance

Shares of Limoneira stock opened at $19.59 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.84 and a current ratio of 0.92. Limoneira has a 12 month low of $13.88 and a 12 month high of $21.62. The stock’s fifty day moving average price is $18.82 and its 200-day moving average price is $17.64.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.05. The firm had revenue of $39.73 million for the quarter, compared to analyst estimates of $39.07 million. Limoneira had a negative return on equity of 1.16% and a negative net margin of 5.40%. During the same quarter last year, the firm posted ($0.53) earnings per share. On average, analysts expect that Limoneira will post 0.13 earnings per share for the current year.

Limoneira Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 1st were paid a $0.075 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.30 annualized dividend and a yield of 1.53%. Limoneira’s dividend payout ratio (DPR) is presently -51.72%.

Hedge Funds Weigh In On Limoneira

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. purchased a new position in shares of Limoneira in the first quarter worth $156,000. Dimensional Fund Advisors LP raised its holdings in shares of Limoneira by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 607,287 shares of the company’s stock worth $8,914,000 after buying an additional 26,111 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Limoneira by 0.3% in the first quarter. Vanguard Group Inc. now owns 739,656 shares of the company’s stock worth $10,858,000 after buying an additional 2,262 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of Limoneira by 151.3% in the first quarter. Penserra Capital Management LLC now owns 6,062 shares of the company’s stock worth $88,000 after buying an additional 3,650 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Limoneira by 6.5% in the first quarter. Gamco Investors INC. ET AL now owns 82,300 shares of the company’s stock worth $1,208,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 64.35% of the company’s stock.

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.