Limoneira (NASDAQ:LMNR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Limoneira (NASDAQ:LMNR) from a sell rating to a hold rating in a research note released on Thursday morning.

Separately, Lake Street Capital dropped their target price on Limoneira from $25.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday.

Limoneira Stock Performance

Shares of Limoneira stock opened at $18.51 on Thursday. The firm has a market cap of $334.01 million, a price-to-earnings ratio of 48.71 and a beta of 0.46. The stock’s 50-day moving average is $22.60 and its 200-day moving average is $25.08. Limoneira has a one year low of $17.80 and a one year 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.

Limoneira Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Monday, December 30th. Limoneira’s dividend payout ratio (DPR) is presently 73.17%.

Hedge Funds Weigh In On Limoneira

A number of institutional investors have recently bought and sold shares of LMNR. Tower Research Capital LLC TRC increased its position in Limoneira by 3,345.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,550 shares of the company’s stock worth $62,000 after buying an additional 2,476 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Limoneira by 77.5% in the fourth quarter. Van ECK Associates Corp now owns 2,581 shares of the company’s stock valued at $63,000 after purchasing an additional 1,127 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Limoneira by 14.3% in 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 last quarter. SG Americas Securities LLC grew its position in shares of Limoneira by 20.1% in the fourth quarter. SG Americas Securities LLC now owns 6,924 shares of the company’s stock valued at $169,000 after purchasing an additional 1,160 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Limoneira by 27.9% in the third quarter. JPMorgan Chase & Co. now owns 9,086 shares of the company’s stock valued at $241,000 after purchasing an additional 1,981 shares during the last quarter. Institutional investors and hedge funds 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.