BNP Paribas Financial Markets Acquires 436 Shares of Limoneira (NASDAQ:LMNR)

BNP Paribas Financial Markets lifted its holdings in Limoneira (NASDAQ:LMNR) by 14.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,486 shares of the company’s stock after purchasing an additional 436 shares during the quarter. BNP Paribas Financial Markets’ holdings in Limoneira were worth $92,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LMNR. SG Americas Securities LLC bought a new position in shares of Limoneira in the 3rd quarter valued at about $153,000. Legacy Capital Group California Inc. bought a new position in Limoneira in the third quarter valued at approximately $206,000. Inspire Investing LLC acquired a new position in shares of Limoneira during the 3rd quarter worth approximately $415,000. American Century Companies Inc. raised its stake in shares of Limoneira by 32.9% during the 2nd quarter. American Century Companies Inc. now owns 22,198 shares of the company’s stock worth $462,000 after purchasing an additional 5,498 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Limoneira by 7.4% in the 2nd quarter. Rhumbline Advisers now owns 22,708 shares of the company’s stock valued at $473,000 after buying an additional 1,565 shares during the last quarter. Institutional investors and hedge funds own 64.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LMNR shares. B. Riley upped their price objective on Limoneira from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Lake Street Capital reiterated a “hold” rating and issued a $25.00 price target on shares of Limoneira in a research note on Tuesday, September 10th. Finally, StockNews.com raised shares of Limoneira from a “sell” rating to a “hold” rating in a report on Wednesday, September 11th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $25.33.

Limoneira Trading Down 4.9 %

Shares of LMNR stock opened at $25.36 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $457.80 million, a P/E ratio of 87.45 and a beta of 0.49. Limoneira has a twelve month low of $17.37 and a twelve month high of $29.22. The stock’s fifty day simple moving average is $27.05 and its 200 day simple moving average is $24.16.

Limoneira Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, October 7th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.30 annualized dividend and a yield of 1.18%. Limoneira’s dividend payout ratio is presently 103.45%.

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.