Baker Ellis Asset Management LLC Purchases 9,550 Shares of Limoneira (NASDAQ:LMNR)

Baker Ellis Asset Management LLC grew its position in shares of Limoneira (NASDAQ:LMNR) by 46.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,900 shares of the company’s stock after purchasing an additional 9,550 shares during the quarter. Baker Ellis Asset Management LLC owned about 0.17% of Limoneira worth $585,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bulldog Investors LLP acquired a new stake in shares of Limoneira during the 4th quarter worth approximately $413,000. Gabelli Funds LLC grew its position in Limoneira by 34.3% in the 4th quarter. Gabelli Funds LLC now owns 97,000 shares of the company’s stock valued at $2,001,000 after purchasing an additional 24,800 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Limoneira in the 4th quarter valued at $633,000. Janney Montgomery Scott LLC grew its position in Limoneira by 17.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 32,215 shares of the company’s stock valued at $665,000 after purchasing an additional 4,879 shares during the period. Finally, White Pine Capital LLC boosted its holdings in Limoneira by 13.9% during the 4th quarter. White Pine Capital LLC now owns 112,661 shares of the company’s stock worth $2,324,000 after acquiring an additional 13,743 shares during the last quarter. Institutional investors own 64.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Lake Street Capital lifted their price objective on shares of Limoneira from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, June 7th. StockNews.com downgraded shares of Limoneira from a “hold” rating to a “sell” rating in a report on Saturday, April 27th.

Limoneira Trading Up 2.5 %

NASDAQ LMNR opened at $20.81 on Friday. The stock has a market capitalization of $374.81 million, a price-to-earnings ratio of -160.08, a PEG ratio of 6.31 and a beta of 0.48. Limoneira has a one year low of $13.88 and a one year high of $22.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.84. The business’s fifty day moving average is $20.37 and its 200-day moving average is $19.42.

Limoneira Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, July 8th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Monday, July 8th. Limoneira’s payout ratio is -230.77%.

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.