Limoneira (NASDAQ:LMNR) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in Limoneira (NASDAQ:LMNRFree Report) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,072 shares of the company’s stock after selling 8,353 shares during the period. Geode Capital Management LLC owned about 2.08% of Limoneira worth $9,942,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased 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 buying an additional 436 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Limoneira in the 3rd quarter worth about $153,000. Legacy Capital Group California Inc. acquired a new stake in Limoneira in the 3rd quarter valued at about $206,000. PEAK6 Investments LLC purchased a new position in Limoneira during the 3rd quarter valued at about $255,000. Finally, De Lisle Partners LLP acquired a new position in Limoneira during the third quarter worth about $269,000. 64.35% of the stock is owned by institutional investors and hedge funds.

Limoneira Stock Performance

NASDAQ:LMNR opened at $24.46 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.93 and a quick ratio of 0.84. The firm has a market cap of $442.31 million, a PE ratio of 84.34 and a beta of 0.49. The firm has a 50 day simple moving average of $26.58 and a 200-day simple moving average of $24.50. Limoneira has a 1-year low of $17.37 and a 1-year high of $29.22.

Limoneira Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th will be issued a $0.075 dividend. The ex-dividend date is Monday, December 30th. This represents a $0.30 annualized dividend and a yield of 1.23%. Limoneira’s dividend payout ratio (DPR) is presently 78.95%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LMNR shares. B. Riley increased their price target on shares of Limoneira from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. StockNews.com cut Limoneira from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Finally, Lake Street Capital reissued a “hold” rating and set a $25.00 price target on shares of Limoneira in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.33.

Check Out Our Latest Stock Report on LMNR

About Limoneira

(Free Report)

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.

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Institutional Ownership by Quarter for Limoneira (NASDAQ:LMNR)

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