JPMorgan Chase & Co. Boosts Stock Holdings in Limoneira (NASDAQ:LMNR)

JPMorgan Chase & Co. boosted its position in Limoneira (NASDAQ:LMNR) by 27.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 9,086 shares of the company’s stock after purchasing an additional 1,981 shares during the period. JPMorgan Chase & Co. owned about 0.05% of Limoneira worth $241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Limoneira by 269.7% during the third quarter. Barclays PLC now owns 21,708 shares of the company’s stock worth $575,000 after acquiring an additional 15,836 shares during the period. State Street Corp boosted its stake in Limoneira by 3.7% in the third quarter. State Street Corp now owns 311,388 shares of the company’s stock valued at $8,252,000 after acquiring an additional 11,003 shares during the last quarter. PEAK6 Investments LLC bought a new position in Limoneira during the third quarter valued at $255,000. De Lisle Partners LLP purchased a new stake in Limoneira in the third quarter worth $269,000. Finally, BNP Paribas Financial Markets lifted its holdings 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 last quarter. Hedge funds and other institutional investors own 64.35% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Limoneira from a “sell” rating to a “hold” rating in a research report on Monday, January 27th.

Limoneira Trading Down 0.1 %

Shares of LMNR stock opened at $23.06 on Friday. Limoneira has a 52-week low of $17.37 and a 52-week high of $29.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.69 and a current ratio of 0.74. The company has a market capitalization of $416.92 million, a PE ratio of 60.69 and a beta of 0.52. The business’s fifty day moving average is $25.07 and its 200 day moving average is $24.95.

Limoneira Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Monday, December 30th. Limoneira’s dividend payout ratio is currently 78.95%.

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.