Limoneira (NASDAQ:LMNR) Short Interest Up 25.3% in February

Limoneira (NASDAQ:LMNR) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 257,400 shares, an increase of 25.3% from the January 31st total of 205,400 shares. Based on an average daily trading volume, of 55,000 shares, the days-to-cover ratio is presently 4.7 days. Currently, 1.7% of the shares of the company are short sold.

Limoneira Trading Up 0.0 %

Limoneira stock traded up $0.01 during mid-day trading on Friday, reaching $21.72. 1,549 shares of the company traded hands, compared to its average volume of 49,896. Limoneira has a 52-week low of $18.30 and a 52-week high of $29.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.74 and a quick ratio of 0.69. The firm’s 50 day moving average price is $23.12 and its 200 day moving average price is $25.17. The firm has a market capitalization of $392.67 million, a price-to-earnings ratio of 57.15 and a beta of 0.52.

Limoneira Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Monday, December 30th. Limoneira’s payout ratio is 78.95%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Limoneira from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th.

Institutional Investors Weigh In On Limoneira

Institutional investors have recently made changes to their positions in the company. Global Alpha Capital Management Ltd. lifted its stake in Limoneira by 3.0% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 3,299,703 shares of the company’s stock valued at $87,442,000 after acquiring an additional 96,054 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Limoneira by 27.8% during the third quarter. Advisors Asset Management Inc. now owns 36,999 shares of the company’s stock valued at $980,000 after purchasing an additional 8,051 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Limoneira by 14.3% during the third quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company’s stock valued at $92,000 after purchasing an additional 436 shares during the period. De Lisle Partners LLP purchased a new stake in Limoneira in the third quarter worth approximately $269,000. Finally, PEAK6 Investments LLC purchased a new stake in Limoneira in the third quarter worth approximately $255,000. Hedge funds and other institutional investors own 64.35% of the company’s stock.

About Limoneira

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.