Jane Street Group LLC Lowers Stake in Limoneira (NASDAQ:LMNR)

Jane Street Group LLC lessened its position in Limoneira (NASDAQ:LMNR) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,651 shares of the company’s stock after selling 424 shares during the period. Jane Street Group LLC owned about 0.09% of Limoneira worth $441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LMNR. BNP Paribas Financial Markets boosted its stake in Limoneira by 14.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company’s stock worth $92,000 after buying an additional 436 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Limoneira by 7.4% during the 2nd quarter. Rhumbline Advisers now owns 22,708 shares of the company’s stock worth $473,000 after acquiring an additional 1,565 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Limoneira by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 129,738 shares of the company’s stock worth $2,700,000 after acquiring an additional 1,934 shares during the last quarter. Gabelli Funds LLC boosted its position in shares of Limoneira by 2.5% in the second quarter. Gabelli Funds LLC now owns 123,300 shares of the company’s stock worth $2,566,000 after acquiring an additional 3,000 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Limoneira by 32.9% in the second quarter. American Century Companies Inc. now owns 22,198 shares of the company’s stock valued at $462,000 after purchasing an additional 5,498 shares during the period. Hedge funds and other institutional investors own 64.35% of the company’s stock.

Limoneira Stock Up 0.9 %

LMNR opened at $25.05 on Tuesday. The company has a market cap of $452.98 million, a PE ratio of 86.38 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.93. Limoneira has a 1 year low of $17.37 and a 1 year high of $29.22. The firm has a 50 day moving average price of $26.49 and a 200 day moving average price of $24.64.

Limoneira Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Monday, December 30th. Limoneira’s dividend payout ratio is presently 78.95%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com downgraded shares of Limoneira from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Lake Street Capital reaffirmed a “hold” rating and issued a $25.00 target price on shares of Limoneira in a research report on Tuesday, September 10th.

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.