Stephens Investment Management Group LLC increased its stake in shares of Limoneira (NASDAQ:LMNR) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 617,862 shares of the company’s stock after purchasing an additional 14,954 shares during the quarter. Stephens Investment Management Group LLC owned 3.48% of Limoneira worth $12,320,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Limoneira by 11.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 536,126 shares of the company’s stock worth $10,481,000 after purchasing an additional 54,730 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Limoneira by 18.3% during the fourth quarter. Bank of New York Mellon Corp now owns 95,843 shares of the company’s stock worth $1,874,000 after purchasing an additional 14,793 shares during the period. NJ State Employees Deferred Compensation Plan lifted its holdings in shares of Limoneira by 46.2% during the second quarter. NJ State Employees Deferred Compensation Plan now owns 38,000 shares of the company’s stock worth $757,000 after purchasing an additional 12,000 shares during the period. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Limoneira by 369.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,424 shares of the company’s stock worth $86,000 after purchasing an additional 3,481 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Limoneira by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 161,903 shares of the company’s stock worth $3,165,000 after purchasing an additional 11,996 shares during the period. 54.88% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on the company. TheStreet downgraded Limoneira from a “b-” rating to a “c+” rating in a report on Tuesday, June 11th. National Securities assumed coverage on Limoneira in a report on Monday, July 22nd. They set a “buy” rating and a $30.00 price target for the company. Lake Street Capital reaffirmed a “buy” rating and set a $25.00 price target (down from $28.00) on shares of Limoneira in a report on Thursday, June 13th. ValuEngine raised Limoneira from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Finally, Zacks Investment Research raised Limoneira from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $26.60.
Limoneira (NASDAQ:LMNR) last released its quarterly earnings data on Monday, June 10th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. The firm had revenue of $42.04 million during the quarter, compared to analysts’ expectations of $43.54 million. Limoneira had a negative return on equity of 0.26% and a net margin of 2.22%. As a group, analysts predict that Limoneira will post 0.28 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Monday, July 8th were given a $0.075 dividend. This is a boost from Limoneira’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.30 annualized dividend and a yield of 1.59%. Limoneira’s dividend payout ratio is presently 60.00%.
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons.
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