SG Americas Securities LLC Raises Position in Limoneira (NASDAQ:LMNR)

SG Americas Securities LLC lifted its stake in Limoneira (NASDAQ:LMNR) by 20.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,924 shares of the company’s stock after purchasing an additional 1,160 shares during the quarter. SG Americas Securities LLC’s holdings in Limoneira were worth $169,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in Limoneira by 14.3% during the third 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 period. Legacy Capital Group California Inc. purchased a new position in shares of Limoneira during the 3rd quarter worth about $206,000. JPMorgan Chase & Co. grew its holdings in Limoneira by 27.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,086 shares of the company’s stock valued at $241,000 after purchasing an additional 1,981 shares during the last quarter. PEAK6 Investments LLC purchased a new stake in Limoneira in the 3rd quarter worth about $255,000. Finally, De Lisle Partners LLP purchased a new stake in shares of Limoneira during the 3rd quarter valued at $269,000. Institutional investors own 64.35% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Limoneira from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th.

Limoneira Stock Down 1.0 %

LMNR stock opened at $22.66 on Monday. Limoneira has a one year low of $17.37 and a one year 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 firm has a market cap of $409.69 million, a PE ratio of 59.63 and a beta of 0.52. The firm’s fifty day moving average is $24.57 and its 200 day moving average is $25.00.

Limoneira Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Monday, December 30th. Limoneira’s dividend payout ratio (DPR) is presently 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.