Van ECK Associates Corp Buys 1,127 Shares of Limoneira (NASDAQ:LMNR)

Van ECK Associates Corp raised its stake in Limoneira (NASDAQ:LMNR) by 77.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,581 shares of the company’s stock after acquiring an additional 1,127 shares during the quarter. Van ECK Associates Corp’s holdings in Limoneira were worth $63,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its holdings in shares of 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 purchasing an additional 436 shares during the period. SG Americas Securities LLC increased its holdings in shares of Limoneira by 20.1% during the fourth quarter. SG Americas Securities LLC now owns 6,924 shares of the company’s stock worth $169,000 after purchasing an additional 1,160 shares during the period. Legacy Capital Group California Inc. bought a new position in shares of Limoneira during the third quarter worth approximately $206,000. JPMorgan Chase & Co. increased its holdings in shares of Limoneira by 27.9% during the third quarter. JPMorgan Chase & Co. now owns 9,086 shares of the company’s stock worth $241,000 after purchasing an additional 1,981 shares during the period. Finally, PEAK6 Investments LLC bought a new position in shares of Limoneira during the third quarter worth approximately $255,000. 64.35% of the stock is owned by institutional investors.

Limoneira Stock Performance

NASDAQ LMNR opened at $22.67 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $409.94 million, a price-to-earnings ratio of 59.66 and a beta of 0.52. The firm’s 50 day simple moving average is $23.71 and its 200 day simple moving average is $25.11. Limoneira has a 1 year low of $17.49 and a 1 year high of $29.22.

Limoneira Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a $0.075 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.30 dividend on an annualized basis and a yield of 1.32%. Limoneira’s dividend payout ratio is currently 78.95%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Limoneira from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th.

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.